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Recap Of The Week For March 24, 2017

Recap of the week for March 24, 2017

Highlights:

  • Cracks appear in stocks and the dollar moves to the bottom of the range
  • Gold and silver gain but platinum lags
  • Palladium up 4% and above $800 at highest since 2013
  • Copper strike in Chile ends and the red metal falls 1.84%
  • Iron ore corrects over 7% lower on the week
  • The Baltic Index adds another 2% on the upside
  • Lumber pops 4% higher
  • WTI crude oil close to recent lows down 2.6% on the week
  • Brent down 1.5% but does better than NYMEX crude
  • Gasoline and heating oil steady with oil on inventory withdrawals as crack spreads gain
  • Natural gas rallies 4% as open interest at highest level since 2013
  • Ethanol moves 1.4% higher following gasoline
  • Soybeans lose 2.4%
  • Corn down 3%
  • Wheat loses 2.6%
  • KCBT premium over CBOT wheat at 3.25 cents in May futures down 14 cents with weakness in wheat
  • Sugar falls 2.5%
  • Coffee down 3.1%
  • Cocoa up just under 6% on the week
  • Cotton down just over 1%
  • FCOJ virtually unchanged on the week
  • Live cattle explode 5.85% higher and feeder cattle add 3% last week
  • Hogs down 1.75%
  • The dollar down 0.7%
  • Long-Bonds continue to correct higher and rally to the 150-29 level up 2-11 on the week
  • Dow Jones Industrial Average finally runs out of steam and closes the week at 20,597 down 318 points

Price Changes for the week:

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