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US natural gas prices fell below $2.00/MMBtu on January 20 for the first time since 2016 and have stayed near $1.92. Ten of the past eleven weeks have been warmer than normal, delaying the cold weather that would normally lift prices.
Mild weather is removing the seasonal demand support for gas, keeping energy costs low for feed mills and grain drying. The move is mainly a price-driven weather story with little direct feed price impact.
forbes.comJude Clemente6 feb 2020Tras 104 eventos bajista de clima pasados, Gas natural se movió una mediana de -7,8 % en 5 sesiones (22% al alza; mitad central entre -14,8 % y -0,8 %), y -3,3 % 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.
