On Monday we featured a bullish piece on Brazil by Money Map Report editor Horacio Marquez. Since then, the iShares MSCI Brazil Index ETF (NYSE:EWZ) he called a “screaming buy” has gained as much as 31%. Here, William Patalon III provides an update on some of the reasons to be investing in Brazil right now.

Horacio Marquez says the credit crisis is giving investors another chance to profit from Brazil’s long-term success story. The country is rich in natural resources, has a solid banking system, and a strong economic outlook. He recommends buying the iShares MSCI Brazil Index (NYSE:EWZ) in increasing increments over the coming 8 weeks.

Investors need a solid defense right now, says Martin Denholm. This means holding high-dividend stocks. Consumer staples and telecoms industries are the best places to cherry pick strong companies. For a lower-risk alternative, try these two high-dividend ETFs (AMEX:SDY, PEY).

The garbage industry is about as recession-proof as you can find, says David Fessler. People won’t stop taking out the trash in a downturn. David says the Market Vectors Environmental Services ETF (AMEX: EVX) is a great way of investing in the sector, and is a bargain right now. For a specific company pick, he recommends Clean Harbors (NASDAQ: CLHB), which treats hazardous waste.

Martin Hutchinson in Money Morning says that over the long-term oil and agricultural commodities are likely to deflate.

This is because, once the threat posed by the US housing crisis has passed, the Federal Reserve will be forced to increase interest rates to fight inflation. Other countries will follow, which will deflate the commodities boom.

However, over the short-term, gold, whose movements are directly linked to inflation, is likely to bounce. Martin reckons a price tag of $1,500 an ounce for the yellow metal is entirely possible. He recommends two ETFs and four gold miners to profit from this situation…

Early this week, we introduced the idea of buying the ABCs – Australia, Brazil, and Canada – as a way to own commodities for the long term. Several DailyWealth readers wrote to ask, “Great… but what about Russia?”

Wheat sank to its lowest price since August last year as US farmers began harvesting what is expected to be the biggest winter grain crop in a decade, reports Bloomberg:

Production will increase 17 percent from a year earlier to 1.78 billion bushels, the most since 1998, the U.S. Department of Agriculture forecasts. About 4 percent more acres were seeded from September to November, the agency said. Wheat prices have tumbled 45 percent from a record $13.495 a bushel on Feb. 27.

The sulfuric-acid market is booming and oil companies are reaping the rewards.

According to the London Times, the price of sulfur has risen from $50 to $500 a ton in under a year. More from this report:

“Shell is one of the most-efficient producers of sulphur,” Barry Clarke, a sulphur market analyst for Pentasul, said.

This is the third installment of a new Money Morning series highlighting investment opportunities created by the global bull market in commodities. There’s a classic squeeze going on in the timber markets right now.

Globally, corn supplies are already straining to meet demand. America is the world’s king of corn. If our crop is going to be light, that puts corn on the launch pad.