The cold temperatures that the midwest experienced last week will transition to a warmer patter for the next two weeks. While the northern states will still have some cold temps and snow, much of the central and southern plains well see temperatures that are well above last year’s levels, and also above normal, for this [...]
Per our note yesterday, low temps did verify overnight (see Polk County data below). OJ futures rose yesterday on this speculation, and this may carry over into today’s trading.
Well, we got our answwer today to the question of whether we would first see $80 or $100 oil. Crude futures spiked more than $4/barrel in today’s trading. In spite of the warmer outlook for the second half of winter, weather now will play a more important role in the fundamental picture going foward. More here.
