# Block 045 — Commodities energy vs metals vs ags

**Status:** ○ queued
**Phase:** Phase 1 (Commodities)

## Topic scope

Energy (crude, natural gas), metals (precious, base), ags (grains, softs). Distinguishing drivers. Precious vs base metals split.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_