EIA Natural Gas Storage Data
Total (05/07/10): 2,089 Bcf
Total (04/30/10): 1,995 Bcf
Change: 94 Bcf
Year ago stocks: 1,992 Bcf
% diff to yr ago: 4.9 %
5-year avg stocks: 1,764 Bcf
% dif to 5-yr avg: 18.4 %
 Still 18% above 5yrave

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
 
 
 
The short term outlook in the Gulf of Mexico does not look favorable for containment efforts concerning the oil slick that appears to be slowly drifting towards the US coastline. The map above shows the Weather Trends depiction of the wind pattern (over land) for the next [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
A stronger crude oil market and the weaker US dollar will lend support to ICE sugar futures at the start of the week; this coming after the spot contract dropped to the lowest levels seen since before the confirmation of last year’s failure of the Indian Monsoon, which [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Odd for the second week in May, but we are actually looking at minimum US temperatures this week as a guide as a cold front has pushed through over the weekend brought overnight lows across the northeast into the 30’s; thermostats were likely turned up. Overnight activity [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Readers of our long range discussions should recall that last year we were forecasting for a favorable planting season to develop for US corn and soybeans in 2010. So far this season, the expected pattern has been materializing, with planting progress putting most yield expectation models in [...]

Author: Michael Ferrari, PhD
VP, Applied Technology & Research
As we are approaching June, Weather Trends has turned our attention regarding agricultural commodity research towards the outlook for this year’s monsoon season in India.  In 2009, the lack of seasonal rains resulted in poor growing conditions for many Indian farmers, which resulted in supply shortages and [...]