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Recap Of The Week For June 2, 2017

Recap of the week for June 2, 2017

June 2, 2017

Highlights:

  • Precious metals post gains on weaker dollar but platinum moves lower
  • Gold up 1.03% for the week
  • Silver gains 1.04%
  • Platinum down 0.83% but Palladium explodes to new highs up 6.08% on the week
  • Copper steady 0.39% higher
  • Iron ore falls another 3.15%
  • The Baltic Index plunges another 7.41%
  • Lumber stabilizes down only 0.20% on the week
  • WTI crude oil continues to fall after OPEC down 4.30% on the week despite big inventory declines from API and EIA
  • Brent down 4.39%
  • Gasoline and heating post losses of 3.44% and 5.74%respectively
  • Crack spreads lower – gasoline crack down 0.54% and heating oil crack down 9.60% on the week despite big inventory declines in gasoline
  • Natural gas plunges 8.90% and closes at $3 per MMBtu
  • Ethanol catches up with gasoline rallying 1.55% for the week
  • Soybeans down only 0.62% on the week after stabilizing Friday
  • Corn down 0.33% on the week
  • Wheat down 2.16%
  • Another new low for sugar as it falls below critical support at 14 cents and is down 8.70% for the week
  • Coffee down 4.31% on the week
  • Cocoa rebounds 4.65% on the week
  • Cotton quiet posting just a 0.52% loss on the week
  • FCOJ down 4.68%
  • Live cattle vault 6.04% higher on the week
  • Feeder cattle up 8.01%
  • Hogs up another 0.28%
  • The dollar falls 0.67%
  • Long-Bonds close lower at 155-04 up 0-15 on the week
  • All equity indices make new highs
  • Dow Jones Industrial Average closes on Friday, June 2, at 21,206 up 126 points on the week
  • Bitcoin closes the week around $2455 up $155 from last week’s close

Price Changes for the week:

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