The quarterly contracts are being traded slightly lower than yesterday’s close, while the years are strengthening further.
The Q3-07 contract has been trading in a EUR 28.75-29.30 range this morning. The weather forecasts were wetter this morning, while the latest update had a dry ending. “I think Q3-07 will be delivered lower than the current price. There is currently a risk premium in the price, and given a dry and warm summer, EUR 29 could be a fair price. However, assuming a normal development, the
Donnerstag, 14.06.2007, 10:57 Uhr
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