For the last couple days commodities stocks have been taking a serious beating, including the big lead horse for earnings season, Alcoa, which is down big today. But notwithstanding these few weak days, clearly commodities of all kinds (softs like the grains, metals, energy, even coffee and cocoa) have been shooting out the lights lately.

That has made a lot of investors rich, but it has also severely pressured the margins of many companies — especially industrial companies, the heavy users of many of these commodities.

And a lot of the commodity slurping is coming out of Asia, so clearly Robert Hsu has been looking at commodities with his
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