The escalating US-China trade war could dim global demand for commodities. Yet there are still commodities where investors can 'run in and hide,' Brian Stutland, Equity Armor Investments founder and CNBC contributor said Monday.
But some observers suggested wheat futures' jump Monday had more to do with bouncing back from Friday weakness than with China trade issues. Wheat took a hit Friday after the U.S. Department of Agriculture forecast a large global wheat crop.
Soybeans have historically been the biggest U.S. agricultural export to China. Soybeans are already subject to a 25% Chinese tariff but were not hit with additional tariffs in the announcement Monday by Beijing. "The fear really is global demand" for soybeans, said Stutland. "Is that going to be able to keep up with the supply?"
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