5th July 2017

 Commodity markets ended broadly lower this past month, as shown in the Reuters-Jefferies CRB index (plotted below). The brunt of the selling set in during the first three weeks of the month and although an impressive rally set in this past week, it was not enough to prevent the index from ending in negative territory. Incredibly, for all the hype about commodities that set in after the US election, the CRB index is now down in each of the last six months