A weather forecast that had ignited bullish hopes late last week(see Daily GPI, Feb. 2) appeared to begetting heavily discounted Monday. The result was huge downturns inboth cash and futures prices. California led the way with dollar-plusdrops, and all other markets were falling between about 50 cents and adollar.
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Cash Emulates Flat Screen Amid Moderate Weather
Much like futures, swing price movement came to a nearstandstill Tuesday. Small declines of mostly less than 4 centstended to outweigh the few small scattered gains, but the overalleffect was pancake-like. Few areas were any more than moderatelychilly, and even the Upper Plains, where most Arctic cold frontsstart spreading into the U.S., was seeing temperatures in the 70s.Forecasters reported an absolutely featureless Atlantic stormoutlook.
October 27, 1999
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