# Waning Weather Support Sends Natural Gas Futures Tumbling; Cash Prices Slip with Demand

> Prompt-month natural gas futures fell on Wednesday, with the November contract settling at $2.367 per mmBtu, down 13.1 cents. NGI's spot national average slid to $1.845 as demand softened after a brief cold snap. Forecasters expected warmer-than-normal conditions to dominate the outlook.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10304-waning-weather-support-sends-natural-gas-futures-tumbling-cash-prices-slip-with
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A warmer outlook trims heating demand and pushes gas prices lower. The effect on feed commodities is indirect, mainly through energy and fertilizer costs.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-10-18 | [With Demand Disappointing, Natural Gas Futures Prices Tumble Further](https://feedsoft.ai/events/12793-with-demand-disappointing-natural-gas-futures-prices-tumble-further.md) | -17.2% | +0.7% |
| NATGAS | 2019-11-30 | [Natural Gas Prices Crash On Warm Weather Warnings \| OilPrice.com](https://feedsoft.ai/events/56244-natural-gas-prices-crash-on-warm-weather-warnings-oilprice-com.md) | -2.0% | -10.4% |
| NATGAS | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |
| NATGAS | 2024-10-14 | [Nat-Gas Prices Tumble as US Weather Forecasts Warm](https://feedsoft.ai/events/10301-nat-gas-prices-tumble-as-us-weather-forecasts-warm.md) | -17.8% | -27.1% |
| NATGAS | 2023-11-28 | [Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand](https://feedsoft.ai/events/33343-nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand.md) | -5.3% | -8.7% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/waning-weather-support-sends-natural-gas-futures-tumbling-cash-prices-slip-with-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.