Commodities Update - 04 Mar 17

BDI continue to close higher from 875 (24 Feb) to 939 (03 Mar)
Harpex moving up higher from 330.40 (18 Feb) to 343.52 (25 Feb) 

Summary
Energy and metals closed lower while most soft commodiites  closed higher.

COT
Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend

• Cocoa (1)
• Soybean Oil
• Rough Rice

Neutral

• None

Up Trend

• None

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend

• Soybean Meal
• Lumber
• Cotton
• Silver

Neutral

• Crude

Down Trend

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average