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Natural gas futures reversed sharply after touching historic lows in June and July. The September contract bounced from a higher low at $1.646 in late July.
Stockpiles stood at 3.241 trillion cubic feet, and seasonal patterns favored winter strength.
Seasonal support and a reversal from multi-decade lows suggest gas input costs for fertilizer and ethanol may firm into autumn. The effect on feed grain prices is likely to be modest.
investing.comETF Daily NewsAug 4, 2020Not enough comparable past events yet for a historical read.
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.
