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Manoj Ladwa, head of trading at TJM Partners, discusses how the "snow trade" will impact U.K. equities and how U.K. housing is in a "false market".
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Manoj Ladwa, head of trading at TJM Partners, discusses how the "snow trade" will impact U.K. equities and how U.K. housing is in a "false market".
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CHICAGO, April 4- Cold and wet weather in the U.S. "Temperatures will remain cold and it definitely will keep soil temperatures low, so plantings will remain behind normal," said Don Keeney, a meteorologist for MDA Weather Services. Texas and southwest Oklahoma will remain dry, "Keeney said.
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CHICAGO, March 27- Scattered showers are likely late Thursday into the weekend in the central and southeastern U.S. This will continue to add moisture for about two-thirds of the Plains, but the southwest third will remain under drought stress, "said Commodity Weather Group meteorologist Joel Widenor.
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LONDON, March 26- British wholesale gas prices remained high on Tuesday morning as cold weather kept demand at around 37 percent above the seasonal norm and gas storage levels were extremely low. The high prices were a result of unseasonably low temperatures across Britain for much of March. UK gas demand was expected to be 370 million cubic metres on Tuesday.
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As the price of natural gas spiked 17 percent year-to-date, pro trader Rich Ilczyszyn consults the charts to see whether it will continue.
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There was little sign of spring across a large swath of the U.S. Midwest on Sunday as a powerful storm dumped heavy snow across a widespread area.
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The storm was part of the same system that blanketed parts of Colorado and northwest Kansas with heavy snowfall on Saturday, said Ariel Cohen, a meteorologist with the National Weather Service.
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The weather system forced the cancellations of more than 100 flights in and out of Denver International Airport on Saturday and blowing and drifting snow closed several roads in Colorado, including Interstate 70 in both directions east of Denver to the Kansas state line.
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Baseball-sized hail was reported in northern Florida, along with possible tornadoes, while heavy snow in Colorado and Kansas delayed flights and shut down part of Interstate-70. A crash involving up to 50 vehicles closed part of Interstate-25 near Loveland, Colorado, north of Denver.
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Baseball-sized hail was reported in northern Florida, along with possible tornadoes, while heavy snow in Colorado and Kansas delayed flights and shut down part of Interstate-70. A crash involving up to 50 vehicles closed part of Interstate-25 near Loveland, Colorado, north of Denver.
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It seems technical indicators don't bode well for natural gas, the alternative energy source.
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CHICAGO, March 22- An early spring snowstorm is expected to move in a broad swath from the U.S. World Weather Inc meteorologist Andy Karst said cold weather will prevail in the U.S. crop belt over the next week with temperatures falling to the single digits to 20 degrees Fahrenheit. "
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WASHINGTON, March 21- Lingering snow and colder-than-normal temperatures in much of the United States will give way to warmer-than-average weather and continued drought in areas that need moisture most, the National Oceanic and Atmospheric Administration said on Thursday its spring outlook.
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0830/ 1230: The USDA releases weekly Export Sales. 0830/ 1230: The National Weather Service issues U.S. 30- day weather outlook for April. 0900/ 1300: The Federal Housing Finance Agency issues Home Price Index for January.
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CHICAGO, March 19- Below-normal temperatures and wetter weather are expected in the U.S. crop belt over at least the next two weeks, which will help boost depleted soil moisture reserves but also slow early spring fieldwork and corn plantings, an agricultural meteorologist said on Tuesday.
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*Front month hits highest mark since October 2011. NEW YORK, March 18- U.S. natural gas futures remained slightly higher on Monday after below normal late-winter temperatures and strong draws from inventory this month drove the front-month contract to its highest mark in 17 months early in the session.
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CHICAGO, March 18- Scattered showers are expected in the northern and eastern U.S. "Temperatures will be below average, it's still too early to worry about delays in plantings but it is that time of year that you would rather have soils warming up," said John Dee, a meteorologist for Global Weather Monitoring.
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PRAGUE, March 15- Central European spot power prices fell on Friday on forecasts of rising temperatures, wind power output and healthy levels of Balkans hydro reserves, while the front year contract eased, responding to lower spot, traders said.
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FRANKFURT, March 15- Prospects of milder weather but variable wind, solar and rain patterns across the centre of Europe pushed spot prices down for early next week, although traders said there was no clear trend. German baseload power for Monday delivery was 10 euros down from what was paid for Friday at 37.50 euros a megawatt hour. "I'd put France at around 58 euros.
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LONDON, March 15- British prompt gas prices extended losses on Friday morning as declining demand and rising temperatures outweighed the impact of fresh production outages in key supplier Norway.