Futures hold premium to cash

EUGENE, OR, Aug. 23, 2019 (Random Lengths) -Daily ups and downs largely offset each other, leaving the September week’s close of $359.90 slightly below the prior week’s finish. The low $370s touched early in the week proved to be resistance, as the cash market gained a modest $6, finishing at $342. Longs exited in Thursday’s session, helping to bring September down to the weekly low of $356.70, with a daily settlement of $359.30, a range where the contract found support. September traded Friday in a $358.20 to $366.30 range, maintaining its premium to cash and a solid basis. November traded ...

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