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European benchmark gas futures rose as much as 5.4% to €58.75 per megawatt-hour, the highest since February 2023, after four consecutive weekly gains. Gas storage stands at 49% full, well below last year's 67%, as cold, low-wind weather lifts heating demand.
Higher European gas prices raise the cost of nitrogen fertilizer and energy-intensive feed processing, which can lift feed input costs and support grain and oilseed price floors.
ilkha.comECONOMYNov 15, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
