What's the matter cotton, banks won't loan you the money for storage? Should be a slam dunk what with your solid track record and all.
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Cotton I pulled up a yearly chart to look for the explosiveness and found only implosiveness. NYMEX:NG Last year this time just under 10, now 6.704 and on a major slide and no chart indication that that is going to change, if you see something on the charts you can let me know. Am I looking at the right exchange? Is there some sort of basis in that price that can also change sorta like our grain price basis? Since New York is a long way away and really what the hell does the price of Natural gas in New York have to do with Natural gas in Sask. So must be basis involved and just some insite as to how our gas is priced here would be appreciated.
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Kam,I prefer barcharts.com.A yearly chart is a chart that goes back 10 years(it sounds like your looking at a monthly chart).The gas chart will show you that it has the capacity to swing plus or minus 400% in the matter of months.
If you believe that were in an upswing in commodities then at some point gas is GOING to take off on technicals alone.And if the price of gas goes up in ny then yes it goes up here.Its all part of an "intergrated" market.
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