Recap of the week for June 30, 2017
June 30, 2017
Highlights:
- The second quarter comes to an end
- Flash crash in gold on Monday and down 1.32% on the week
- Silver falls 0.60%
- Platinum 0.32% lower
- Palladium down 1.52%
- Copper up 2.75%
- Iron ore rebounds 11.20% for the week
- The Baltic Index 7.60% higher
- Lumber climbs 2.95% on the week
- WTI crude oil rallies 6.65% on the week and rejects last week’s low
- Brent up 6.60%
- Gasoline and heating post gains of 6.23% and 7.21% respectively
- Crack spreads higher supporting oil – gasoline crack up 3.95% and heating oil crack gains 8.31% on the week
- Natural gas bounces 3.90% on the week but settles near lows
- Ethanol up 1.47% for the week
- Soybeans explode 4.86% on the week on gains in wheat and crop progress late Friday
- Corn gains 4.05% as grains rally on weaker dollar and higher wheat
- CBOT wheat strongest grain explodes 11.21% higher
- Sugar bounces 4.86% to resistance at 14 cents per pound
- Coffee rebounds 2.20% on the week
- Cocoa rallies 3.25% on the week
- Cotton up 2.34 %
- FCOJ moves only 0.23% higher on the week
- Live cattle only 0.89% higher on the week
- Feeder cattle up 2.05%
- Hogs go hog-wild on the upside up 6.48% on the week
- The dollar falls through technical support at 95.80 and the September dollar index futures fall 1.57% on the week despite higher rates
- September long-Bonds close lower at 153-28 down 2-22 on the week
- Dow Jones Industrial Average closes on Friday, June 9, at 21,350 down 45 points on the week
- The first six months of 2017 are now in the books!
- Happy Fourth of July holiday to all!
Price Changes for the week:
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