With such locations as Little Rock, AR, and Shreveport, LA, destined to reach the low to mid 100s during the weekend and most other portions of the South hitting the mid 90s or so, cash prices managed to eke out small increases again Friday. That broke a down-up-down-up pattern established in the cash market earlier in the week.
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It’s Getting Hot Enough to Raise Most Prices
Although the Northeast remains unusually mild, the market found enough cooling load in high temperatures due to reach the 90s and 100s across most of the the southern U.S. and Midcontinent, backed up by moderate warming trends in the Midwest, Rockies and Pacific Northwest, to record gains at most points Thursday. A continuing futures loss a day earlier appeared to have little impact on Thursday’s cash prices.
July 10, 2009
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