skip to Main Content
Recap Of The Week For July 21, 2017

Recap of the week for July 21, 2017

July 21, 2017

Highlights:

  • Weak dollar and strong bonds support commodities prices
  • Gold rallies 2.24% on the week
  • Silver up 3.40%
  • Platinum 1.48% higher
  • Palladium corrects 1.48% lower
  • Copper moves 1.26% higher
  • Iron ore up 2.59% for the week
  • The Baltic Index 8.56% higher
  • Lumber up 2.49% on the week
  • WTI crude oil falls 2.35% on the week despite EIA inventory decline
  • Brent down 1.92%
  • Gasoline posts a gain of 1.55% and heating oil down just 0.55% on the week as both outperform oil futures
  • Crack spreads higher – gasoline crack up 5.16% and heating oil crack gains 6.13% on the week
  • Natural gas falls 0.87% on the week
  • Ethanol down 0.20% for the week
  • Soybeans rebound 2.07% on the week
  • Corn gains 1.03%
  • CBOT wheat down 2.25% and closes below $5 on the September futures contract for the first time since late June
  • Sugar up 0.70% this week
  • Coffee up 2.13% on the week
  • Cocoa 2.77% higher on the week
  • Cotton up 2.76% for the week
  • FCOJ moves 2.76% higher on the week
  • Live cattle down 1.17% for the week
  • Feeder cattle down 0.86%
  • Hogs go the other way and rally 1.50% on the week
  • The dollar index steaming towards critical support at 91.88 closed the week down 1.32% and below the 94 level for the first time since June 2016
  • September long-Bonds close much higher at 154-20 up 2-25 on the week
  • Dow Jones Industrial Average closes on Friday, June  9, at 21,580 up 166 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

Back To Top