Corollary

Wednesday Shift to All-Points Gains Unsustained

Just when it had seemed the whole market was finally in agreement on further severe cold through the rest of January and the corollary that a couple of mostly bullish weeks were upcoming, prices got thrown for a loop again. Doubts were arising again about how severely cold it will be in the closing weeks of the month. Whereas flat to much higher numbers had reigned throughout the market Wednesday, only a few locations that were flat to up nearly 20 cents avoided a near-total turnaround into negative territory Thursday.

January 14, 2011