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U.S. natural gas futures rose about 3% to a one-week high, settling at $5.280/mmBtu, on forecasts for cooler weather that would lift heating demand. Prices were still down about 18% from early October's peak after weeks of mild weather.
The contract also fell about 2% for the week, its third straight weekly decline.
Colder forecasts raise expected residential and commercial gas burn, which supports natural gas prices. Feed buyers face higher energy and nitrogen fertilizer costs when gas rises, which feeds into corn and DDGS production economics.
reuters.com22 oct 2021Tras 221 eventos alcista de clima pasados, Gas natural se movió una mediana de +3,3 % en 5 sesiones (61% al alza; mitad central entre -5,2 % y +14,0 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
