US natural gas futures fell on a milder February outlook after spot prices surged during holiday-weekend cold. The Nymex front month was down 3.6% at $3.807/MMBtu.
Analysts said freeze-offs were smaller than feared, allowing physical prices to retreat.
Expected milder heating demand reduces near-term gas burn and pressures energy input costs for feed producers, such as those using gas-fired drying and processing. Lower gas prices can also weigh on ethanol-linked DDGS economics.
Nach 104 vergangenen Ereignisse (bearisch, Wetter) bewegte sich Erdgas im Median über 5 Handelstage um -7,8 % (22% höher; mittlere Hälfte -14,8 % bis -0,8 %) und über 20 Handelstage um -3,3 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Milder February outlook and smaller-than-feared freeze-offs cut heating demand expectations and eased physical prices, driving the front-month lower on the day.
A milder February outlook and smaller-than-feared freeze-offs let futures fall as the cold-driven premium faded.