b'
Nickel futures shot up 90% on Monday in a matter of minutes. On top of that, several other commodities, such as aluminum, palladium, and zinc, also hit all time highs; while wheat futures breached 14-year highs. According to Contango theory, commodity futures in a normal market are more expensive than spot prices. But too bad we\'re in backwardation.
Find us on Twitter, Instagram, & Facebook (Meta) @DRUNKENOMICAL
Merch: Drunkenomics.myspreadshop.com
Patreon: patreon.com/drunkenomics
'