Image of the Day

Friday:   The GFS and European models are finally much closer in agreement with the coming 15-day pattern, but still with the EC model a little colder around the start of April.  All weather models added demand for next week and around the start of April compared to the start of the week, but prices still are down 7-8 cents on the week.  The overall pattern was to the bearish side to start the week but is now relatively neutral with a steady barrage of weather systems impacting the US into the start of April with swings in national demand every few days.   With that said, the pattern around April 3-6 doesn’t currently look cold enough, and if it were to hold through the coming weekend, the back end of the 15-day forecast would have a bearish lean when the markets reopen Sunday Evening.

 

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