Beyond energy and metals, what are people's outlooks on agricultural commodities heading into Q3? Weather patterns in key growing regions, particularly South America and parts of Asia, seem increasingly unpredictable. Any specific softs catching your eye?
Softs are always a wild card with weather, but coffee has been showing some interesting moves. Might be worth a closer look for Q3 if the current trends hold.
Agreed on the weather impact. I'm less bullish on soybeans than others, though. Seems like current pricing has already baked in a lot of the potential supply issues.
I'm cautiously optimistic on grains, especially corn and wheat. The unpredictable weather you mentioned could definitely tighten supplies, and demand hasn't really softened.