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August Nymex natural gas futures fell 7.6% on Monday as traders questioned whether summer heat would sustain gas-fired power burn. Competition from other energy sources also weighed on demand expectations.
Weaker power-sector gas burn reduces near-term demand for natural gas, which lowers feedstock and energy cost expectations for feed producers that use gas-based fuel and fertilizer.
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.