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Tax cut hopes spur talk of “reflation” tradeTax cut hopes spur talk of “reflation” trade

Crude oil and soybeans again benefit.

Bryce Knorr 1

September 30, 2017

9 Slides

If money talks it’s clear what the chattering classes on Wall Street are clucking about. President Trump’s proposal for big tax cuts spurred more talk about the “reflation” trade that would boost growth. Two beneficiaries of that idea appeared to be crude oil and soybeans, long-time favorites of big speculators.

Here’s what funds were up to, according to Friday’s Commitment of Traders report from the CFTC, which covers trading through Tuesday, Sept. 26, when data was collected.

About the Author(s)

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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