Temperatures

Most cash trading points were down 2-5 cents Thursday, bowing tothe mild temperatures prevalent east of the Rockies and to thescreen’s retreat of nearly 3 cents. Declines at several pointsmatched the amounts by which they had risen on Wednesday. Thesmallest drops tended to be in the West

Cash prices came out of the chute fast Monday morning as coldertemperatures, strong NYMEX prices and a bit of hype tricked mostmarkets into early gains. “A buyer blinked early this morning andsellers took control,” a Tulsa marketer said. The early strengthpushed prices to 5-8 cents above index levels in some cases.However, after the market caught its breath, sellers came out ofthe woodwork to send prices lower and late trades were back nearindex levels. Western prices followed the East’s early lead butresisted the major downturn.