DC Recap 5 19 17

Recap of the week for May 19, 2017

May 19, 2017

Highlights:

  • Volatility across all asset classes as markets reflect politics
  • Precious metals rebound from lows but palladium corrects lower
  • Gold up 2.20% for the week
  • Silver gains 2.56%
  • Platinum, up 2.17% and Palladium falls 6.02%
  • Copper 2.46% higher
  • Iron ore rebounds 3.52%
  • The Baltic Index down 5.43%
  • Lumber down only 0.33% lower on the week
  • WTI crude oil back above $50 up 5.20% on the week
  • Brent gains 5.80%
  • Gasoline and heating post gains of 4.81% and 6.03%respectively
  • Crack spreads continue higher – gasoline crack rallies 3.05% and heating oil crack up 8.55% on the week
  • Natural gas rejects highs and falls 4.66% to the middle of the trading range
  • Ethanol down 1.44% ignoring gains in energy
  • Soybeans down 1.04% on record Brazilian crop
  • Corn up 0.40% on the week
  • Wheat moved 0.58% higher
  • KCBT at a premium of 2.75 cents over CBOT wheat down 3.75 cents on the week
  • Sugar up 5.61% as recovery continues
  • Coffee down 2.11% on the week
  • Cocoa rebounds up 0.65%
  • Cotton trades to highest level since June 2014 at over 87 cents per pound then reversed and closes down 3.32% on the week
  • FCOJ down 5.29%
  • Live cattle move 1.38% lower on the week
  • Feeder cattle shed 0.91 %
  • Hogs up 1.99% higher
  • The dollar tanks 2.12%
  • Long-Bonds close lower at 154-02 level up 2-18 on the week after flight to quality
  • Wild week in equities, rebound follows biggest selloff of the year on Wednesday
  • Dow Jones Industrial Average closes on Friday May 5, at 20,805 down 92 points on the week
  • Bitcoin approaching $2000!

Price Changes for the week:

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