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Weekly Commentary: Labor Day weekend reduces market participation, front sees a pullback on Friday

September 14, 2020 by Anant Jain

Summary: Labor Day weekend reduces participation at ICE. Weekly volume trims down to 9.07M tons, 15% lower WoW. 4-week moving average moves down to 11.66M tons. Contract prices experienced a pullback on Friday after a steady downtrend over the first four days. CFTC data (8th Sep) shows covered entities reduced…

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