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Pricing new crop (Non board)

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    #16
    OK we now know futures risk, the chart readers say $12.00/bushel. cottenpicken what is the basis risk? Or does anyone worry about basis anymore?

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      #17
      cottenpickin: You might not want to include natural gas as an example? It sure has taken a beating in the last week? Down from $8.72/mmbtu to $7.42 this AM? All the analysists say its going lower, depending on how warm the winter is? Last December gas prices were $15.70 mmbtu!
      The oil patch is really slowing down. The drilling estimates are way, way down? Gas drilling is coming to a screeching halt! In the second and third quarter of 2007 there basically won't be any NG wells drilled in Alberta, certainly not in the coalbed or shallow gas fields?

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