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DJ Outflows Seen From Energy; Inflows to Grains, Livestock -- Market Talk

9 Jan 2017 6:04 pm
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1234 GMT Annual rebalancing of SPGSCI and BCOM commodity benchmarks this week should see a flow out of energy into grains and livestock, says Citigroup. Live cattle should see biggest increase of contract buying at close of next 5 trading sessions, followed by lean hogs and feeder cattle's combined 9% increase. On the other hand, sugar and zinc prices may be under the most pressure. Large contract markets, oil, gas, gold, "should quite easily absorb rebalancing effects." (alistair.macdonald@wsj.com , @macdonaldwsj)

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(END) Dow Jones Newswires

January 09, 2017 07:34 ET (12:34 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.


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