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Recap Of The Week For July 28, 2017

Recap of the week for July 28, 2017

July 28, 2017

Recap of the week for July 28, 2017

Highlights:

  • Most commodities rally on a weaker dollar and dovish Fed
  • Fed seems to take the immediacy away from balance sheet normalization
  • Gold rallies 1.14% on the week
  • Silver up 1.43
  • Platinum down just 0.02%
  • Palladium moves 4.26% higher
  • Copper explodes 5.61% higher
  • Iron ore up 3.56% for the week
  • The Baltic Index 2.28% lower
  • Lumber down 2.33% on the week
  • WTI crude oil up 8.61% on inventories and closes near the $50 per barrel sweet spot in nearby futures
  • Brent up even more posting a 9.38% gain
  • Gasoline posts a gain of 5.54% and heating oil was up 8.18% on the week as products outperform crude oil
  • Crack spreads higher – gasoline crack up 4.58% and heating oil crack gains 5.50% on the week
  • Natural gas moves marginally lower down by 0.07% on the week despite small inventory injection
  • Ethanol rises 1.44% for the week
  • Soybeans down 0.90% on the week
  • Corn falls 1.40%
  • CBOT wheat down 3.66% for the week
  • Sugar falls 0.21% this week
  • Coffee up 0.95% on the week
  • Cocoa 4.67% higher on the week
  • Cotton up 0.56% for the week
  • FCOJ moves 4.52% higher on the week
  • Live cattle down 4.46% for the week
  • Feeder cattle down 4.51%
  • Hogs decline 1.37% on the week
  • The dollar index steaming towards critical support at 91.88 closed the week down another 0.60% as the greenback makes another new low at 93
  • September long-Bonds fall and close at 153-05 down 1-15 on the week
  • Dow Jones Industrial Average closes on Friday, June  9, at 21,830 up 250 points on the week

Price Changes for the week:

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