March is down US$20 on 100 lots, April down US$140 on 500 lots, June down US$100 on 400 lots, July down US$250 on 400 lots, August down US$200 on 200 lots. The market may be a little jittery between GDTs and given recent forecast increases it’s probably no surprise we are testing support. This move in WMP most likely open up the arbitrage but that will be proven next Tuesday night. Californian CWAP up overnight suggesting there may be some supply constraints will occur.
OMF NZ Futures Market report – March 12, 2014
Whilst the U.S. and European markets remain mixed, WMP has taken a thump here on very large volumes.
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