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Recap Of The Week For January 27, 2017

Recap of the week for January 27, 2017

January 27, 2017

Highlights:

  • Precious metals mixed- Gold and Palladium lower while Silver and Platinum post marginal gains
  • Silver reverses from lows on Friday
  • Copper rallied 3% on the week
  • Iron ore up another 3.57%
  • The Baltic Index drops over 10%
  • Lumber posts margin gains of 0.89%
  • Crude oil higher with WTI outperforming Brent
  • Products and crack spreads lower as inventories build
  • Natural gas up 4.81% on colder forecasts
  • Ethanol down over 1%
  • Soybeans continue to correct lower losing 1.71% on the week
  • Corn corrects 1.96% lower
  • Wheat down 1.81% and KCBT premium over CBOT retreats to 14 cents in March
  • Sugar up 0.74%
  • Coffee stalls- down 0.52% for the week
  • Cocoa makes a new low and falls 2.1% on the week
  • Cotton grinds higher- adds 2.48%
  • FCOJ rebounds 4.18%
  • Live cattle up off the highs- down 1.6% on the week
  • Feeder cattle fall 2.91%
  • Hogs post a 2.45% gain
  • The dollar trading around 100.60 pivot- down 0.16% on the week
  • Bonds close to unchanged on the week but volatile
  • Dow Jones Industrial Average conquers 20,000- closes the week at 20,093.78

Price Changes for the week:

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