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Have you looked at the skyrocketing price of food lately, asks Tony Sagami, global growth stock specialist and editor of Weiss Ultimate Portfolio.

According to the U.S. Bureau of Labor and Statistics (BLS), overall inflation is running at an 8.3% pace, but the prices for food at home are up by 10.8%.

A huge decrease in supply from Ukraine is a big point. That’s because Ukraine is referred to as the breadbasket of Europe for being the fifth-largest exporter of grain in the world. Ukraine is a major food supplier and a top-10 producer of sunflower oil, corn, barley, rapeseed, wheat, and soybeans.

Archer-Daniels-Midland (ADM) is engaged in all key aspects of the global food supply chain. It procures, transports, stores, processes, and sells agricultural goods all over the world. The company transforms American farmers' crops into the products that food manufacturers use every day, like cornmeal, vegetable oils, legumes, and wheat.

That’s a pretty good business to be in right now because the U.S. is enjoying a massive export boom in agricultural and energy commodities.

Additionally, ADM is one of the largest ethanol producers in the U.S., owning half of the ethanol plants in the states. That’s particularly relevant because the Biden administration recently set new requirements increasing the amount of ethanol that must be blended with gasoline.

In the past six months, shares of ADM went up around 40%. Do I think this run is over? Absolutely not. Icing on the cake: ADM spins off a dividend yield of 1.81%, which is good for 40 cents per share paid quarterly. This pick has profits that look ripe for the picking.