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US natural gas prices surged to their highest real level in years as Europe and Asia bought LNG to refill depleted storage. Fears of a Russian supply disruption added to the buying.
Strong overseas LNG demand pulls US gas higher, raising domestic gas costs for nitrogen fertilizer and feed drying. Higher gas prices also support ethanol and DDGS production costs.
reuters.comJohn KempMay 6, 2022After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
