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Commodity Compass - 9/26 - Platinum and Palladium Outperform, Lean Hogs find a Friday Surge
Published 8 months, 1 week ago
Description
We started the week riding some momentum in oil, but by midweek WTI and Brent gave back gains after a deal to reopen the Kurdish-Iraq pipeline. The demand for precious metals continued throughout the week with gold making new all-time highs, silver closing in on its all-time highs. Both were exceptional, yet were outdone this week by platinum and palladium on percentage moves. On the ag side, grains mostly softened as U.S. harvest pressure mounted.