Commodities Update - 25 Feb 17

BDI recovered from 741 (17 Feb) to 875 (24 Feb)
Harpex move higher from 325.335 (11 Feb) to 330.40 (18 Feb).   The worst may be over for container shipping.

Summary
Most commodities continue to close lower except Energy edge higher.

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

• Cocoa (1)
• 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
• Wheat
• Crude
• Cotton
• Silver

Neutral

• None

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