Breakfast commodities are “the best trading commodities” and have been for the last several months, said Jonathan Kleisner, managing director of Rex Capital Group.
“We like agricultural commodities in general because of the inelasticity of demand,” Kleisner told CNBC. “They’re a lot less pinned to the GDP growth numbers.”
“We’re talking about sugar up 7 percent in January, coffee up 6 percent, and cocoa up 7 percent,” he said. “You’re looking at a real silver lining in a pretty bad looking market.”
“We look for a continued upside through the fourth-quarter,” he said of the commodities.
No immediate information was available for Jonathan Kleisner or his firm.