Loading…
Natural gas storage rose 36 billion cubic feet in the latest weekly report, below the expected 41 billion injection and well under last year's comparable build of 72 billion. Traders are weighing cooler fall temperatures against warnings of record inventories ahead.
Smaller-than-expected injections and seasonal cooling can support natural gas prices, but a large storage surplus would cap gains. The net price effect for feed buyers is limited, since natural gas mainly influences ethanol and DDGS costs through energy input prices.
etftrends.comBrenton GarenOct 18, 2016Not 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.
