The breadth of the commodity advance is becoming increasingly difficult to ignore.Quantix Commodity IndexDiesel crack spreads have surged above $100, copper is trading above $14,000 a ton in London, gold and silver are accelerating amid US Treasury market intervention, and the Bloomberg Agriculture Spot Index is surging higher. At the same time, the dollar weakened sharply following Treasury Secretary Scott Bessent's intervention this week, providing an additional tailwind to the commodity complex.According to veteran commodities strategist Jeff Currie, the convergence of tight physical markets, currency debasement, and policy intervention represents the hallmark of a structural commodity bull cycle.Currie, the former Goldman Sachs commodities chief and now co-chair of Abaxx Markets, wrote in a ten-post thread on X that commodities are the clear winners as physical bottlenecks materialize around the world and Treasury market interventions add to those tailwinds.Currie began the thread:Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.Scarcity in the physical world. Repression in the financial one. Scarcity pushes prices up. Repression holds yields down. The gap between them is the debasement.Commodities are the only asset class that wins on both sides. The structural case for commodities has been turbo charged.Underinvestment, deglobalization and electrification all pushing markets like diesel cracks and copper to new highs.Meanwhile the chokepoints are increasing, from Hormuz to the Red Sea, the Rhine, the Panama Canal, the Black Sea grain corridor and Russian refining capacity. It is becoming increasingly apparent that not a single one of those is reachable by anything in Washington’s toolkit whether it be caused by war or weather.The illusion of abundance is likely behind us. I said as much on CNBC this Monday, and I got long gold, silver and agriculture last week.Wake up, folks. Commodities are telling you something, and yesterday the Treasury confirmed it.