Commodities Action

Recent trading has seen bullish action in several agricultural commodities: sugar, coffee, and more recently some of the grains. I don’t normally follow these markets very closely, and don’t trade commodity futures, but I do trade “commodity basket” ETFs such as DBC and GSG. Both of these are pretty heavily weighted toward energy, DBC a little less so than GSG, but there is some interesting movement you can see in the chart:

(click on chart to expand)

This is worth keeping an eye on, not only for a trade, but for what it could signal for the broader markets and economy.

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