Here is one of the main reasons I am bullish on commodities this decade.
Another chart that shows how out of favor commodities are currently. At other points in history that are similar to today on this chart, we saw commodities outperform for years.
Now obviously the past is no guarantee of future success but the odds are definitely in our favor. The current weakness in commodity prices is temporary in my view.
I got this chart from an article on the Smead Capital Management website. Great value investors who put out awesome analysis. I would recommend you subscribe so you can get their work directly in your inbox.