The week finishes off without much volatility in NYMEX futures trading as meteorologists expect a strong likelihood of warmer temperatures for the entire lower 48 in early March. Although this weekend will likely be one last small stretch of cold, it’s safe to say that the cold period that weather models initially projected for late February has not materialized. Cash prices at Dawn have not been this cheap since news of Winter Storm Fern broke out in mid-January, also aided by increasing GLGT Emerson flows from Manitoba to Dawn, keeping Ontario well-supplied. With Northeastern and Midwestern demand expected to fall in Early March, we can expect a lot of Canadian-produced gas to remain on this side of the border.

