Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. End-users could continue to buy on an as-need basis with the downside target for [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. Nov23 hedges were rolled to Jan24, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]

Theoretical Positions: The bulk of 2023 production could be sold at this point. If not, the seasonal tendency is for the market to rally during the winter and early spring. [...]

Theoretical Positions: Much of 2023 production has been priced with cash contracts or short futures hedges. November hedges were rolled to January, which have subsequently been rolled to March futures [...]