Copper Deficits and Empty Silos: My Industrial & Ag Outlook for Q2
I’ve been looking at the data for Q2 2026, and while everyone is distracted by the “Third Gulf War,” I’m focused on the two sectors that actually keep the world running: Industrial Metals and Agriculture.
In my latest deep-dive for Substack, I share my personal perspective on:
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The Copper Floor: Why I believe the “red metal” is practically immune to a deep correction right now, regardless of what the Fed does.
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The Fertilizer Trap: How China’s export ban is creating a massive, under-the-radar opportunity in Corn and Wheat.
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Physical Reality: Why we are entering a phase where “having the physical goods” is more important than the paper price on a screen.
The “Real Economy” is sending out a massive warning signal. Are you listening?