The Bloomberg Commodity Index rebounded 0.7% this morning as higher crude oil prices pulled the major commodity indexes higher.

Investors will again be focused on any new developments on U.S.-China trade front this week, but a number of key economic releases will also be in focus.

The failure of China and the U.S. to reach a trade agreement last week continues to roil markets as the Dow Jones Industrial Average plunged 617 points lower on Monday.

Ferrous – On the ferrous front, the latest U.S. trade data show U.S. exports of ferrous scrap (excluding stainless steel and alloy steel scrap) were down 16% year-on-year in the first quarter of 2019 on slower shipments to

There’s an interesting confluence of events that may be affecting transportation. The International Maritime Organizations’ low-sulfur bunker fuel mandate, draft restrictions increasing on the Panama Canal, increased truck congestion at ports with new fees being introduced.