Commodities are making another move. If you’re wondering why they keep coming back: You can't undo decades of chronic underinvestment and neglect in just two years of solid performance. This still feels like the opening act of a major commodities supercycle.

Agricultural commodities have just broken decisively above nearly 20 years of resistance. And this is happening while: ▪️Diesel prices approach all-time highs ▪️Mortgage rates hover near 7%, with housing already deeply unaffordable ▪️Wealth inequality stands near historic extremes This is precisely the kind of combination that can trigger widespread social unrest, dramatic policy shifts, and intense political pressure. None of us own enough hard assets.

Agricultural commodities are officially breaking out this week. This is a major move and it’s likely just the beginning of further upside. The implications here are significant, both for policymakers and for society more broadly.

Agricultural commodities are now breaking out decisively from nearly 20-year resistance. Just as expected: When energy moves, food prices tend to follow. This is deeply concerning for society, yet it aligns with the broader macro trend. People will point to isolated narratives like droughts, but that misses the bigger picture. This is a second-order effect of the energy issue.

Tokenized commodities hit $5.46B AUM — up 300% YoY. The question is no longer "will this last?" It's "when does this go mainstream?" Here's why the trend is structural, not cyclical 👇