First lumber, then iron ore. It was macroeconomic drivers that caused them to all go up as one, ergo I don’t think it paid to overthink the idiosyncratic demand and supply dynamics for each one. But faith, I suspect, is being individually maintained in commodities that remain elevated, despite that observation.
And although it made the rhythm of the above paragraph better, to mention just iron ore and lumber, it’s nonetheless worth noting that many of the other ag/soft commodities rolled quite a bit earlier, by a reasonable amount (e.g. corn, soy, cotton, salmon).
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