It hasn't been a great first half of the year for commodities.
Precious metals are trading lower, as are industrial metals. Major agricultural commodities like corn, wheat and soybeans are all down, in addition to coffee and sugar. Energy commodities have seen gains in 2015, but haven't even come close to recapturing the losses incurred over the past year.
While each commodity responds to its own distinct market forces, the rise in the dollar and in interest rates has been bad news for them all. As each greenback becomes worth more, it takes fewer of them to buy a fixed amount of any given commodity, meaning that prices fall.
Meanwhile, since commodities don't throw off yield like bonds do, greater risk-free rates makes holding commodities relatively less attractive.
But amid all the disappointment and bearish sentiment, some see opportunity. In the second half of the year, some traders are betting that corn and wheat see a rebound. Others are pinning their hopes on silver.
When asked for his "sleeper pick" for the second half of 2015, Jim Iuorio of TJM Institutional Services picked corn.
Iuorio said that further upside for the dollar is likely to be capped by dovish rhetoric from the Federal Reserve, even as they raise rates.
When it comes to corn specifically, however, the Chicago-based trader says that "after several consecutive outstanding growing seasons, corn appears to be priced for perfection. When a market starts ignoring any possibility of turbulence, that is the type to be contrarian."
Iuorio predicts that the grain, which closed the week at $3.85 per bushel, will rise to $4.20 in the near-term, and higher than that by year-end.
Brian Stutland is similarly bullish on agricultural commodities, reasoning that the dollar strength is "over" and inflation is ahead.
"The steeper Treasury yield curve is indicating that you play the reflation trade, which is long food and energy," Stutland wrote to CNBC. "Food inflation is coming faster than the Fed thinks or wants."