Wall Street Is The Most Bullish On Commodities In A Decade -- Bloomberg -- January 9, 2021

Link here.

Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.

Data points:

• weakening dollar
• world on path to recover from pandemic
• precedent? China-driven commodities super-cycle earlier this century
• China is on a buying spree again
• China is loading up on American crops
• China has already bought a record amount of grain
• soybean purchases are running at the fastest pace since 1991
• central bank stimulus around the world
• worldwide increased fiscal spending on infrastructure
• [mutual?] funds are the most bullish in at least a decade on 19 commodities
• money managers' bullish bets on corn are at the highest in almost ten years
• Alvean: world's largest trader of sugar, forecasts sugar shortages for next two years
• crude oil surging in price
• gold prices rose to a 16-week high
• silver: net-long positions rose for the fifth time in the last six weeks
• platinum net-longs are the highest since February, 2020

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