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To: whitepine who wrote (76713)12/22/2006 3:31:42 AM
From: elmatador  Respond to of 206326
 
El Niño started in late July 2006 and he expected it to continue until at least April 2007.

“Some winters with El Niño are actually warm, but none have been bitterly cold. Some El Niño summers are very cool, but none have been oppressively hot.

Precipitation tends to be a bit on the moist side, but it is the moderate temperature that makes the difference in heating/cooling bills and crop yields.”



To: whitepine who wrote (76713)12/22/2006 7:38:56 AM
From: quehubo  Read Replies (1) | Respond to of 206326
 
Weeks ago, wrong. A few weeks from now, most likely.

If this weather has an offsetting period NG can move to $12 easy. 3-4 weeks of 20% colder than normal with something close to normal otherwise after 1/1 would bring inventories well below 1,300.

As it stands I only see forecasts indicating the much above normal is a lock into mid Jan.

Another couple of weeks like this and we may see some $5.'s on more than one contract month.


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