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Recap Of The Week For June 30, 2017

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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