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October natural gas futures settled at $2.853/MMBtu on September 23, up 4.7 cents after technical support near $2.80 and profit-taking. Production exceeded 106 Bcf/d and storage remained ample.
Mild northern weather was expected to delay heating demand into early October.
Ample production and storage cap upside even though technical buying lifted prices. Lower gas prices reduce fertilizer and energy input costs for feed producers.
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.