Page 7 - Commodity Weather News Today

A polar blast in the central U.S. has pushed natural gas prices at one trading hub up 24,000% from a week ago. Supply for next-day delivery at the Oneok Gas Transportation hub in Oklahoma traded at US$999 per million British thermal units for two contracts on Tuesday, according to David Hoy, a trader at Dynasty Power in Calgary. That compares with US$4.19 a week earlier.

by Bloomberg |Tuesday, February 16, 2021 Production of gas in the Lower 48 states has plummeted to a three-year low. (Bloomberg) -- A polar blast in the central U.S. has pushed natural gas prices at one trading hub up 24,000% from a week ago. Supply for next-day delivery at the Oneok Gas Transportation hub in Oklahoma traded at $999 per million British thermal units for two contracts on Tuesday, according to David Hoy, a trader at Dynasty Power in Calgary. That compares with $4.19 a week earli...

CHICAGO, Feb 12 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.WHEAT - Even to up 2 cents per bushel* The CBOT's most-active soft red winter wheat contract inched higher overnight after falling for a third session on Thursday, hovering near its 50-day moving average.* The most-active March wheat contract is poised for a third weekly move downward in the last four we...

2. Russian Growing Woes and Export Taxes Have All Eyes on Wheat A rough start to the growing season in Russia along with the country’s graduating export tax that’s scheduled to start on Feb. 15 is keeping market-watchers interested in the global wheat scene.   Russian wheat got off to a “difficult start and (is) therefore in quite sensitive condition,” according to a report from Commerzbank sent Monday. The government’s announcement last month that it would implement a 25-euro-per...