The bloodbath in energy and materials sectors of the economy has pushed the real (inflation-adjusted) price of some commodities to multi-decade lows. Aluminum prices are trading near a half century low. Natural gas, wheat, hogs, and steel have also fallen sharply in real terms over the last couple of years. That is not to say that the prices of these commodities can’t fall further. I assure you they can, but if you are looking for contrarian opportunities, these are some rocks to turnover.
