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US natural gas fell more than 4% to about $2.92/MMBtu, its lowest in a week. Recovering domestic output and larger-than-expected storage additions outweighed rising LNG exports.
Cheaper natural gas lowers production costs for nitrogen fertilizer and ethanol, which can ease feed input costs over time.
Not 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.