DC 4.21.17

Recap of the week for April 21, 2017

April 21, 2017

Highlights:

  • French election this Sunday could mean lots of currency volatility
  • Precious metals post marginal losses in gold, platinum, and palladium on the week
  • Silver falls 3.45%
  • Industrial commodities stabilize after last week’s declines
  • Copper down 0.93%
  • Iron ore rises 1.13%
  • The Baltic Index play catch-up and falls 7.79%
  • Lumber up 3.51% for the week
  • WTI crude oil falls through $50 and loses 6.97% on the week
  • Brent declines 7.03%
  • Gasoline and heating oil follow oil lower both losing over 5% on the week
  • Natural gas down 4.41% as energy gets hit
  • Ethanol down 2.75%
  • Soybeans down 0.77%
  • Corn loses 3.71%
  • Wheat the worst performer in grains falling 4.91%
  • KCBT discount under CBOT wheat narrows slightly to a discount of 0.50 cents as spread moves 2 cents towards the long-term norm over the course of the week
  • Sugar down 0.90%
  • Coffee dives 5.88%
  • Cocoa loses another 3.34% and trades at decade lows
  • Cotton up another 3.56% and approaches 80 cents
  • FCOJ down 0.47%
  • Live cattle continue higher adding 1.74% as the grilling season draws closer
  • Hogs plunge another 5.76%
  • The dollar down 0.58% as the euro trying resistance at $1.08
  • Long-Bonds close at 154-01 level up 0-03 on the week after making a higher high
  • Dow Jones Industrial Average closes Thursday April 13, at 20,548 up 95 points on the week

Price Changes for the week:

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