For a detailed analysis of commodity pricing, why and where it might go read this article.  Do understand they are in the business of managing a commodity fund so they may be overstating the 'where it might go' but I find their analysis spot on on why we are where we are.   Disclosure:  I am very long energy and have been for about 12-16 months.   I have looked at Copper and Fertilizer but haven't yet gone there.

https://themarket.ch/interview/the-big-bull-market-in-commodities-has-only-just-begun-ld.6799?mc\_cid=c52629dcd6&amp;mc\_eid=c181c94dc6