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Why agricultural commodities are back in demand: Hansen
Ole Hansen, head of commodities at Saxo Bank, says that the falling dollar, along with global weather trends, is helping the rally in agricultural commodities - most notably sugar.
The Bloomberg agricultural index has risen by 25% since its March low, says Hansen. Hedge funds have taken long positions in sugar worth the equivalent of $5 billion.
Although there is a fundamentally strong outlook for sugar, Hansen says that bubbles can appear in agricultural commodities.
01:45 minutes
Tags: agricultural commodities, commodities, commodity, commodity strategy, commodity trading, ole hansen, saxo, saxo bank, saxo bank saxo tv, saxo tv, saxo tv trading floor, saxotradergo, saxotv, sugar, tradingfloor.com
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