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US natural gas prices rebounded after three days of losses when the EIA reported a 23 bcf storage build, below the roughly 27 bcf the market expected and the 30 bcf five-year average. ING noted the smaller build could signal tighter supply in the coming weeks.
A bullish storage surprise lifts near-term gas prices, which raises energy and drying costs for grain and ethanol processors.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.