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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 earlier. Gas at the Henry Hub in Louisiana, the benchmark for futures in New York, traded at $19 at about...
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 weeks, since reaching 6-1/2 year highs the week ended Jan. 15.
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-metric-ton export tax on the grain from Feb. 15 through the end of the month gave prices a bump. F...