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Recap Of The Week For October 21, 2016

Recap of the week for October 21, 2016

October 21, 2016

Exclusive Highlights:

  • Gold and silver post small gains while platinum and palladium continue lower
  • Copper closes under $2.10
  • Iron steady while the Baltic Dry Index falls over 4%
  • Lumber falls by almost 5% on the week and is now close to the bottom of its trading range
  • Crude oil makes a new high on the week and closes above $50 per barrel again
  • Gasoline crack spreads move over 6.4% higher on the week while heating oil cracks are unchanged
  • Natural gas drops back below the $3 level on November NYMEX futures
  • Ethanol up by 1.3% on the week
  • A quiet week for grains but they hold post-WASDE gains
  • Sugar marginally lower closing just below 23 cents per pound
  • Coffee futures posts a small gain of 0.5%
  • Cocoa lethargic as the pound weighs on its price
  • Cotton back under 70 cents
  • FCOJ futures rise above $2 once again as winter approaches
  • Meats all bounce from multiyear lows
  • A quiet but positive week in equities
  • The dollar index continues higher and approaches the 99 level on December futures

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