We are starting to see a division take place in how analysts look at today’s commodity market. When making market predictions and forming outlooks, we are seeing a split between the pre-COVID years and how the market has acted since then. 

The biggest difference is how the market looks at commodity inventories. Prior to the global COVID pandemic, buyers were willing to go hand-to-mouth for needs. This wasn't just in the United States but around the world. COVID caused major disruptions to export movement and regional shortages of...