4 13 DC Recap

Recap of the week for April 13, 2017

April 13, 2017

Highlights:

  • A Holiday shortened week
  • Flight to quality and precious metals soar- Gold and silver move to highest levels of 2017
  • Gold up 2.63% on the week and silver gains 3.03
  • Platinum up 2.12% but palladium losses 0.51%
  • Industrial commodities decline as fears that increased global will put infrastructure rebuilding on the back burner
  • Copper down 2.84%
  • Iron ore falls 9.56%
  • The Baltic Index bucks the trend and rises 6.67%
  • Lumber falls from 2005 highs and posts a 3.65% loss for the week
  • WTI crude oil adds 1.8% on the week
  • Brent up another 1.25%
  • Gasoline and heating oil mixed with gasoline down 0.58% and heating oil up 1.29% despite big inventory declines in both
  • Natural gas losses a modest 0.67%
  • Ethanol up 2.45% supporting corn
  • WASDE shows big inventories but record demand
  • Soybeans rebound 1.43%
  • Corn up 3.2%
  • Wheat adds 1.36%
  • KCBT discount under CBOT wheat widens slightly to a discount of 2.50 cents as spread moves 0.25 cents over the course of the week
  • Sugar down 1.01%
  • Coffee slips 0.82%
  • Cocoa tanks 6.33% and approaches critical support
  • Cotton rebounds 2.94% after last week’s loss
  • FCOJ down 3.97%
  • Live cattle move 2.59% as the grilling season draws closer
  • Hogs move 0.38% lower
  • The dollar down 0.65% on bearish comments from President Trump
  • Long-Bonds close at 153-30 level up 2-19 on the week on flight to quality and potential of another Yellen term
  • Dow Jones Industrial Average closes Thursday April 13, at 20,453 down 203 points on the week

Price Changes for the week:

Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities

Leave a Reply