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.

“Precious metals, oil and commodities are rising despite the dollar’s rebound, even though they are priced in US dollars,” said Hong Hao, chief investment officer of Lotus Asset Management Ltd. “This demonstrates that these hard assets are the true hard currency during this extraordinary period,” he said（Bloomberg)

At the Swiss Mining Institute in Panama last week, we spoke to @TaviCosta about the current commodities cycle and why hard assets are set to outperform... • Early-stage bull market with institutional interest building • Copper miners poised to outperform gold peers • Hard assets critical amid deficits, weaker dollar, and lower rates ⬇️#SMI# #MiningNews# #Copper# #Commodities#

A key measure of bulk-shipping rates jumped to the highest level since December 2023, driven by rising demand for Capesize vessels along with tightening supply of ships that haul bulk commodities

@Aster_DEX x @worldlibertyfi 🦅 Aster and WLFI are working together to support closer ecosystem alignment, with both sides exploring integration across their respective tokens. USD1 is becoming the base layer for RWAs on Aster. Commodities and other RWA markets are moving onchain, with USD1-denominated markets accessible in one place. The first markets rolling out include $CLUSD1, $XAUUSD1, $XAGUSD1, and $BZUSD1, with additional markets potentially to follow. These markets launch with lower fees*, making access to RWAs more efficient from day one. Additional participant programs may be introduced, with details to be shared later. Aster and @worldlibertyfi are aligning to bring RWAs onchain at scale. *Note: The fee structure for USD1 pairs on Aster is 1bps for takers and -0.5bps for makers, and may be adjusted over time.