Dec gold closed down $8.40 to "622.80, Sept silver shed 86 cents to end at $39.24, while Sept copper finished lower by 7.75 cents to $4.402. 13:30 COMDX CRB Index ETF/ETN and Commodity Complex Performance & Summary @ Midday: CRB trades just beneath the flatline this afternoon; Agriculture components advance (JJG, JJA); Copper (JJC), Energy Complex (OIL, UGA, UHN) lower on the day
CRB Index @ 340.69 -1.39 (-0.40%)
Agriculture & food futures (JJG, JJA) advance as the grain markets trade higher with trader's citing lack of widespread rain fall this week in key Midwest growing regions; Corn (C Z1), soybeans (S X1), & wheat (W U1) all advance but trade off better levels here.
Energy complex futures (OIL, USO, UGA) decline as Jul. ISM figures come in well below analyst consensus, showing the slowest pace of manufacturing growth in two years; USD (UUP) strength also weighing on prices today.
Commodity Complex/CRB Index Advancers:
cotton futures- BAL +1.6%, CRB Index grain & food futures- JJG +1.2%, JJA +0.80%, JO +1%, DBA +0.35%, RJA +0.40%, COW +0.40%, physical metals- PPLT +0.90%, PALL +0.10%, & natural gas futures- UNG +0.40%
Commodity Complex/CRB Index Decliners:
sugar futures- SGG -2%, copper futures- JJC -1.85%, CRB Index precious metals complex- SLV -1.5%, SIVR -1.5%, GLD -0.25%, IAU -0.30%, & CRB Index energy complex- USO -1.3%, OIL -1.3%, UHN -0.75%, UGA -0.65%