A polar vortex has hit the US, bringing freezing temperatures all the way down to the southern states.
The hard wind chill and heavy snowfall has created an urgent demand for energy to heat up houses, putting imminent pressure on natural gas supplies. Consequently, natural gas spot prices have soared.
The extreme winter weather has also spurred worries over the possible effects on winter wheat and citrus crops, sending grains and juice prices up.
Temperatures are forecast to rise back up to more normal levels during the week, which should normalise natural gas spot prices.
The effect on crops might not be fully visible yet and delayed effects on prices can therefore not be ruled out, as news on crops' progress is published over the coming months.
Furthermore, live cattle prices have spiked as the hard weather is affecting living conditions and making transportation to slaughter houses difficult.
To Read the Entire Report Please Click on the pdf File Below.
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The Polar Vortex Heats Up Markets
Published 01/08/2014, 02:20 AM
Updated 05/14/2017, 06:45 AM
The Polar Vortex Heats Up Markets
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