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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review today’s release of the FOMC’s April 30th-May 1st meeting minutes. On the topic of commodities, we take a look at the underperformance of commodity-related equities. We also highlight the relationship between agricultural commodities and delinquency rates of farm loans. Next, we provide an update to this week’s ICI fund flow data and show what flows may look like going forward. We finish with our recap of weekly EIA data.

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