Copper’s been holding near multi-year highs — and I’ve got my eye on a potential breakout.
Why? Because copper isn’t just a shiny industrial metal… it’s a bellwether for global growth.
When traders expect infrastructure spending, factory activity, and construction to rise — they start buying copper.
And right now, it’s holding firm just under a major resistance level.
If we get a push through the $4.15–$4.20 range, that could open the door for a run to the highs.
But here’s the real reason I’m watching it so closely this week:
We’ve got a big agriculture report coming up Monday.
It’s called the Prospective Plantings report — and it gives us a first look at how much corn, soybeans, wheat, and other crops farmers are planning to plant this year.
I can hear you saying: “I’m getting bored Geof… Why does that matter?”
Well, because if farmers plan to plant less acreage, that could send food prices higher… and if food prices jump, inflation expectations could climb too.
That would ripple into all kinds of asset classes — including commodities like copper.
Two Stocks on My Radar
If this copper move plays out, I’ve got two tickers I’m watching:
- CAG (Conagra)
- GIS (General Mills)
These are major players in the packaged food space, and they could benefit from both defensive money flows and rising input costs.
They’re what I call “tariff plays” too — names that could see action if trade tensions escalate, especially after last week’s sanctions on China.
I just broke this all down — and more in today’s Market Radar session.
Watch the full episode here!
Stay sharp,
—Geof Smith
P.S. Don’t forget to register your spot to be notified every time I’m going live.
