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The Softs sector has seen incredible rallies over the past few years, driven in large part by bullish fundamentals indicated by backwardated forward curves.Energies have been a roller coaster ride, with WTI crude oil continuing to show bullish fundamentals yet noncommercial traders reluctant to buy.Based on its forward curve, soybean meal is one of the more bullish commodity markets in early May, based on its forward curve.Just over a year ago, I wrote a piece titled, “Are Commodities a Good Investment?”. In it I discussed how US stock indexes were in solid long-term uptrends, and for some of …

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