We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher.
We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down.
So what to do? try to time a crash? Play shorts/put options? Personally, I think it's better to hold cash and buy up stocks/etfs that become dirt cheap. You have higher chances of making serious gains buying the BIG DIP than trying to pull a BIG SHORT
Here is Wheat Future's monthly chart. You can see that Wheat is reaching 2008 peak recession prices. Wheat also gained almost 60% in the last month alone. This means that the price of food HAS to go up = More Inflation.