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To: quehubo who wrote (37163)12/6/2004 7:08:52 AM
From: Ed Ajootian  Read Replies (1) | Respond to of 206183
 
que, thanks, you may be onto something with the thought that weather-adjusted fills are not keeping up.

Regarding the issue of weather affecting natty prices in the long term, its pretty clear to me that it doesn't. We have had unbelieveably bearish weather for 2 out of the last 3 years if memory serves, yet natty prices have just continued their climb on up the ladder. See a monthly chart of the 18 month strip at futuresource.com



To: quehubo who wrote (37163)12/6/2004 8:14:18 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 206183
 
que, interestingly, we entered the '02 fill season at right around 1400 BCF in storage, yet the 18 month natty strip was about 20% higher at that time than it was during December '01, see futuresource.com


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