We started the week riding some momentum in oil, but by midweek WTI and Brent gave back gains after a deal to reopen the Kurdish-Iraq pipeline. The demand for precious metals continued throughout the week with gold making new all-time highs, silver closing in on its all-time highs. Both were exceptional, yet were outdone this week by platinum and palladium on percentage moves. On the ag side, grains mostly softened as U.S. harvest pressure mounted.