"Hi David - a question that must be on many investor's minds is how to play this bull market in commodities especially soft commodities - is it best through an ETF investing in futures (with the related roll yield issues) or through equity related products such as MOO."

David Fuller's view Thanks for a question certain to be of interest to may readers.

Moves in commodity futures are highly cyclical so they are quite volatile and not something one sensibly buys and holds. For these reasons, plus fees, futures ETFs have a generally poor record of performance, in my opinion. I personally would not touch them.

Some of us trade commodity futures, either through commodity brokers or spread-bet firms in the UK. However the learning curve in trading is steep and it is not for everyone.

ETFs such as Market Vectors Agribusiness (MOO US) are safer for investors but one gets a portfolio of commodity shares, not futures with this ETF. Incidentally, MOO looks due for a consolidation, in which case we could see a pullback to the MA shown on the chart above. Your other option would be to cherry pick among MOO's top-10 positions shown on this Description page from Bloomberg. You will find these companies in the Chart Library.