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Recap Of The Week For July 7, 2017

Recap of the week for July 7, 2017

July 7, 2017

Highlights:

  • Precious metals continue to fall despite the weak dollar
  • A flash crash in silver on Thursday night, July 7
  • Silver falls 6.43% on the week
  • Gold down 2.37% the first week of Q3
  • Platinum 2.12% lower
  • Palladium down 0.36 %
  • Copper down 2.11%
  • Iron ore up 1.04% for the week
  • The Baltic Index 9.89% lower
  • Lumber down 0.93% on the week
  • WTI crude oil falls 3.93% on the week despite inventory declines
  • Brent down 4.22%
  • Gasoline and heating post losses of 1.01% and 2.35% respectively
  • Crack spreads higher – gasoline crack up 8.07% and heating oil crack gains 2.84% on the week
  • Natural gas down 5.96% on the week
  • Ethanol down only 0.07% for the week om gains in corn
  • Soybeans continue 6.36% higher on the week
  • Corn gains 3.25%
  • CBOT wheat up another 1.71% adding to last week’s gains
  • Sugar up 2.46% and above resistance at 14 cents per pound
  • Coffee up 2.55% on the week
  • Cocoa down 3.51% on the week
  • Cotton down unchanged on the week on the December futures contract
  • FCOJ moves 0.91% higher on the week
  • Live cattle down 1.31% over the first week of Q3
  • Feeder cattle down 1.96%
  • Hogs retreat 0.63% on the week
  • The dollar trading around its pivot point closed the week at 95.792 on the September dollar index futures up 0.39% on the week
  • September long-Bonds close lower at 151-27 down 2-01 on the week
  • Dow Jones Industrial Average closes on Friday, June 9, at 21,414 up 64 points on the week
  • Friday’s employment report shows payrolls rise to 222,000 and unemployment rate climbs to 4.4% while wage growth is lethargic

Price Changes for the week:

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