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Playing Defensive: Wheat

Agriculturals are defensive commodity plays, said Jonathan Kleisner, managing director of investment strategies at REX Capital Group.

“Remember, food or agricultural are very much more inelastic as far as demand goes than anything else,” he told CNBC’s Bill Griffeth. “So people have to eat.”

Kleisner is bullish on wheat in particular.

(See the accompanying video on whether commodities are oversold.)

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