Metals sector is sharply lower while Grains sector remains quiet. In the Metals complex, silver is down 8.4%, gold down 1.5%, copper down 2.1%, palladium down 6.4%, and platinum down 9.7%. Reasons for the decline include CME margin hikes, profit taking, market saturation, and geopolitical easing. Corn market is slightly lower overnight with March futures down 1.5 cents. Soybean market sees March futures at 4-week low of $10.5725. Wheat sub-sector is in the red with SRW, HRW, and HRS contracts down. Total wheat marketing year shipments are up 25% compared to last year.
Read more at Yahoo Finance: What’s Next For Metals, and Other Commodities, to Close Out the Year?
