skip to Main Content
Recap Of The Week For February 24, 2017

Recap of the week for February 24, 2017

Highlights:

  • Gold, silver and platinum continue higher- Silver up for the ninth straight week
  • Palladium moves 1.15% lower
  • Copper moved 1.2% lower after rejecting recent high
  • Iron ore down around 0.5% for the week
  • The Baltic Index explodes over 20% higher
  • Lumber up over 2%
  • Crude oil up around 0.5% but trading is range bound for tenth straight week
  • Oil products little changed as inventories move lower and driving season is coming soon
  • Natural gas down over 6% but huge open interest reflects big speculative short positions
  • Ethanol quiet down less than 1%
  • Soybeans correct 2% lower
  • Corn down 1.33% for the week
  • Wheat moves 2% lower
  • KCBT premium over CBOT wheat moves higher back over 20 cents in March
  • Sugar at 19.81 cents and down 2.4% for the week
  • Coffee loses 2%
  • Cocoa quiet down only 0.9%
  • Cotton up 1.5%
  • FCOJ down 3.5% for the week
  • Live cattle steady, up marginally
  • Hogs correct from highs down 3.7% on the week
  • The dollar virtually unchanged at 101.09 just above the 100.60 pivot
  • Long-Bonds up 1-66 to the 153-10 level after Fed minutes interpreted as dovish
  • Dow Jones Industrial Average continues to defy gravity and posts a new weekly high at almost 20,800

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

This Post Has One Comment

Leave a Reply

Back To Top