The copper futures market hit a record high Friday. Lumber futures are at a record high. Grain futures, hogs and coffee have hit multi-year highs recently. Sugar a few months ago hit a multi-year high. The “reflation trade” is back in vogue. Look for more price appreciation in raw commodity futures markets in the coming months, as the U.S. and global economies spring out of their pandemic-induced slowdowns, to produce even more demand for goods and services. Stay tuned! Jim