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Commodities Corner: It’s been an ugly first half for commodities in 2017

As the first half of the year draws to a close, disappointment in the slumping commodities sector grows.

After posting a gain last year for the first time in six years, the Bloomberg Commodity Index BCOM, +0.61% which tracks 22 commodity futures contracts, is down roughly 7.7% year-to-date to stand below the $81 level Wednesday. It finished out 2016 more than 11% higher.

The index “tried to show some life in 2016 only to crap out in 2017 thus far,” said Adam Koos, president of Libertas Wealth Management Group.

“The lows around $82 were an important level of support that had been touched four times in a year,” he said.

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