Commodity Compass - 8/17 - Mixed Signal in Metals while Farmers See Continued Pressure with Low Grain Prices
Strong U.S. jobs data, sticky inflation, firming yields, and mixed global growth signals contributed to a choppy week for commodity markets, while a strengthening dollar and buoyant equities encouraged investors to rotate between safe‑haven metals and riskier assets. Grain prices remain under pressure and we saw this in the market reaction to one of the top Ag equities this week.
