Cash price movement was mixed for the second day in a row Thursday, but this time traders tended to favor the upside more. What may be the last hurrah of the 2005-06 winter appeared to have settled in for an extended stay in northern market areas, while much of the West will remain stormy and cold through at least the weekend.
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Screen Rally, Short-Covering Nudge Cash Upward
In what some sources referred to as “winter’s last hurrah,” cashprices began the week on an up-note as they garnered momentum froma futures rally and continued covering of first-of-month shortpositions. Cash prices at most trading areas around the countrygained 1-3 cents from weekend levels.
March 23, 1999
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