Otavio (Tavi) Costa(@TaviCosta ):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.

Otavio (Tavi) Costa

@TaviCosta

Founder & CEO of Azuria Capital LLC. Macro thinker, history student, value-oriented investor. Native of Sao Paulo, Brazil 🇧🇷 E-mail: tavi@azuriacapital.com

Joined June 2014

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Otavio (Tavi) Costa@TaviCosta

2026.04.28 21:27

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.