Are commodity stocks (lumber, steel, oil, metals) still worthwhile and which are the best to invest in?

Yes!

The commodities market still has a long way to go until it reaches its peak.

A great illustration of what is going on today is perhaps agriculture, such as corn and soybeans.

Soybean supplies in the US, Brazil, and Argentina remain tight. Output is not as fierce due to weather conditions. Global demand continues to strengthen, especially from China, which seems to be purchasing the limited inventories from the US and South America.

Now, when it comes to the broader commodity market, it could be difficult to determine what to invest in, especially when it seems many of these stocks have either hit all-time highs or 52-week highs.

If I'm just entering the commodities market, here are some stocks I'd pick: oil and gas, metals, or anything else in the commodities sphere.

Birchcliff Energy

• 06/03: $3.65
• Yield: 0.55%

Suncor Energy

• 06/03: $30.42
• Yield: 2.76%

Barrick Gold

• 06/03: $28.10
• Yield: 1.55%

Nutrien

• 06/03: $75.99
• Yield: 2.92%

Black Iron

• 06/03: $0.46
• Yield: N/A

And, even beyond the commodities boom, I'd keep my eye out on these stocks:

Freeport McMoRan

• 06/03: $41.96
• Yield: 0.71%

Newmont Mining

• 06/03: $85.88
• Yield: N/A

BHP

• 06/3: $74.84
• Yield: 4.17%

Also, if you want to invest directly in commodities, one of the best exchange-traded funds (ETFs) for this is: Invesco DB Commodity Index Tracking Fund (DBC).