After gains Monday were followed by losses Tuesday, the cash market got back to somewhat of an even keel Wednesday with price movements that were little changed either up or down in most cases but a little softer in a slight majority of cases. Lows in the 30s and 40s would continue to generate a fair amount of heating demand in the Midwest, Rockies, Western Canada and parts of the South, but the rest of the weather outlook called for moderate to merely chilly.
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Swing Prices Depart January on an Even Keel
Incremental prices closed out the month of January once againdefying bearish demand factors. In deals done Friday, most averagesvaried little from their Thursday positions. And though traderswere separating weekend business into Saturday/Sunday andMonday-only deals due to the shift from January to February, theyreported little appreciable difference in pricing between the twotime periods.
February 1, 1999
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