# U.S. natgas up 3% on forecasts cooler weather will boost heating

> 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.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/11750-u-s-natgas-up-3-on-forecasts-cooler-weather-will-boost-heating
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-07-18 | [US natgas prices climb 4% on small storage build, hot weather forecasts](https://feedsoft.ai/events/29453-us-natgas-prices-climb-4-on-small-storage-build-hot-weather-forecasts.md) | +2.5% | +9.6% |
| NATGAS | 2022-12-08 | [US natgas futures surge on forecasts for colder weather - Markets - Business Recorder](https://feedsoft.ai/events/11507-us-natgas-futures-surge-on-forecasts-for-colder-weather-markets-business.md) | +27.9% | -29.6% |
| NATGAS | 2018-11-06 | [Natural gas prices surge on surprise forecast for cold US weather](https://feedsoft.ai/events/6487-natural-gas-prices-surge-on-surprise-forecast-for-cold-us-weather.md) | +9.1% | +24.8% |
| NATGAS | 2024-01-08 | [UPDATE 1-US natgas prices up 3% to 7-week high on extreme cold forecasts](https://feedsoft.ai/events/4190-update-1-us-natgas-prices-up-3-to-7-week-high-on-extreme-cold-forecasts.md) | +134.5% | -25.5% |
| NATGAS | 2023-10-25 | [US natural gas prices up on cooler forecast - Markets - Business Recorder](https://feedsoft.ai/events/33803-us-natural-gas-prices-up-on-cooler-forecast-markets-business-recorder.md) | +18.8% | -6.0% |

## Sources

- reuters.com: https://www.reuters.com/article/usa-natgas/update-1-u-s-natgas-up-3-on-forecasts-cooler-weather-will-boost-heating-idUSL1N2RI179/

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