Furthermore, another factor to consider is the U.S. dollar. Over the last two years, emerging market currencies have appreciated against the U.S. dollar. With these commodity-buying countries on stronger financial footing due to their strengthened local currencies, it could fuel increased demand for cheaper USD-denominated raw materials, lifting commodity prices.

As investors look for ways to gain exposure to the commodities space, some may consider commodity producers or commodity stocks. For instance, something like the IQ Global Agribusiness Small Cap ETF (NYSEArca: CROP) focuses on small-cap companies in the agribusiness segment, which agricultural business that produce products like fertilizers, agricultural chemicals, farming machinery, packaged foods and meats.

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Investors interested in the global natural resources space can take a look at broad ETF options, such as the IQ Global Resources ETF (NYSEArca: GRES). Sub-sector segments include the major commodity sectors, like precious metals, industrial metals, livestock, energy, and grains, food & fiber, along with timber, water and coal.

Additionally, the IQ Global Oil Small Cap ETF (NYSEArca: IOIL) may help investors capitalize on strengthening crude oil markets and focus on potential growth opportunities in smaller companies.

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