Wall Street Is Most Bullish on Commodities in a Decade
- Wagers that 20 materials will rally at highest since 2011
- Weak dollar, vaccines, Chinese demand helping boost outlook
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Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.
A weakening dollar is making materials denominated in the currency more appealing at a time when equities are on a tear and the world is on a path to recover from the coronavirus pandemic. All of that has prompted speculators to pile back into commodity markets, boosting combined bets on rising prices to the highest in at least a decade.