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Recap Of The Week For March 10, 2017

Recap of the week for March 10, 2017

Highlights:
  • I was away last week so this week’s report covers action for the past two weeks
  • The prospects for a rate hike at the March Fed meeting weighs on commodity prices
  • Gold and silver down 4.24% and 7.28% respectively
  • Platinum and palladium fall 8.21% and 3.37% over the two week period
  •  Copper sheds 3.39%
  • Iron ore falls 0.78%
  • The Baltic Index moves 24.3% higher
  • Lumber down 4.5%
  • Crude oil breaks down below the bottom end of the trading range losing 10%
  • Oil products down over 8% but crack spreads down 1-2%
  • Natural gas rallies 9.54% on massive short positions
  • Ethanol down 0.52%
  • Soybeans move 1.73% lower
  • Corn falls 1.75%
  • Wheat down 1.67%
  • KCBT premium over CBOT wheat at 15 cents in May futures
  • Sugar down 8.03%
  • Coffee down 3.35%
  • Cocoa slips 3.01%
  • Cotton up 0.94%
  • FCOJ rebounds 4.24%
  • Live cattle up 2.31% as the grilling season is on the horizon
  • Hogs up 0.22%
  • The dollar volatile but only up 0.02% for the two week period
  • Long-Bonds tank on prospect for a Fed rate hike in March down 4-31 to the 147 level
  • Dow Jones Industrial Average continues to defy gravity and closes at  20,903 up 103 points
Price Changes for the week:

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