On the world scene, production was raised by about 1.3 million bales. World ending stocks are forecast at 41.53 million bales, up 1.57 million bales from the previous forecast and up over 3.5 million bales from a year ago. Unless the trade considers this morning's numbers as discounted by current prices, or unless the market gets help from the grain markets, this market is going lower today, probably making new contract lows. We do not believe this morning's U.S. production number, but it is all that we have to deal with for now. Only weather that will play a role now in the natural gas market is the tropics, which remain very quiet at this time.
Commodity trading involves a high degree of leverage.
That leverage allows for large returns, but also large losses. Due to the high degree of risk involved in futures trading, you can lose all your money.