Commodity Report #43
About backwardations in commodities, the turning point for crude oil and commodities as the most crowded trade right now
The benchmark, CRB Commodity Index, ended the week 1,0% lower, which means the index closed lower two consecutive weeks in a row aka continued a correction.
The energy sector was mixed with natural gas and heating oil up. Metals were all down, except for copper. Palladium lost over 11 percent during the week. Metals are IMO unattractive if you keep in mi…