The week started with KC settling at 102.75 down 110 points, on the last day of the traditional rebalance, and third Monday without COT data to chomp on due to the government shutdown.. A 2 cent inside range and a 3rd lower high/low provided little fresh inspiration, as prices fell to the middle of a well tread upon 7 cent range. Mar/May faltered as a matter of course, as outright pressure remains biased to the front month, while the spread value naturally widened to 350 under from Friday’s -3.35 settlement. London relinquished $15 to settle at 1528, its lowest close thus far this year.
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