Commodities were stopped in their tracks on Monday as several headlines made investors question themselves.  Although agriculture (NYSE:RJA) stocks have been rising sharply with quantitative easing and reduced supply, they weren’t immune to the overall pullback seen today.

Goldman Sachs (NYSE:GS) announced they are closing their top trades for 2011, which include Platinum, Oil (NYSE:USO), Copper (NYSE:FCX), Cotton (NYSE:BAL), and Soybeans.  Naturally, this helped a selloff across the entire agriculture landscape.

Shares in the Agriculture Double Long ETN (NYSE:DAG) closed down 1.42% on Monday.  The ingredients of this index contain equal amounts of corn, wheat, soybean, and sugar.

The Elements MLCX Grains Index ETN (NYSE:GRU) also closed lower on Monday, and is extending the decline in late trading as shares are down 2.5% after the bell.  However, in the past month alone, shares have gained 10%.

Even though most ag names saw a pullback on Monday, Monsanto (NYSE:MON) went against the grain.  The company received an upgrade from Deutsche Bank, from a hold to a buy.  Deutsche Bank (NYSE:DB) also issued a price target of $78 for the stock, which would represent a 16% gain.  Shares traded up on the good news to close 1.43% higher.

Goldman (NYSE:GS) may have caused a decline in commodities, but the company seems to have a sweet tooth for chocolate. Goldman upgraded its position from neutral to hold for chocolate giant Hershey (NYSE:HSY).

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Disclosure: No positions.

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