The National Weather Service may have been off a bit when it predicted above-normal temperatures during the current workweek in nearly all of the eastern three-fourths of the United States. (see Daily GPI, Nov. 12). Traders returned from rather mild weekends in many cases to find forecasts of Tuesday lows in the 20s, 30s and 40s in Canada and most of the northern U.S., spreading as far south as the Midcontinent and Texas. The result was flat to much higher prices at all points Monday.
Workweek
Articles from Workweek
Cold Weather, Screen Keep Most Points Rising
Prices continued to rise Wednesday at nearly all points as heating load, though getting a bit lighter, remained fairly robust and was joined by prior-day futures support after the November contract rose 6.5 cents Tuesday.
October 30, 2008
Weekend Market Mixed as Hotter Weather Looms
With prospects of hotter weather in several regions before the workweek begins Tuesday, the market Friday was stronger than one might have expected for a long holiday weekend. Most points were within 2-3 cents up or down, but some locations jumped nearly a dime while others fell as much as 20 cents.
July 6, 2004
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