
US natural gas prices dropped $0.21 on Monday after a heatwave had driven a 15% gain the previous Friday. Temperatures above 100°F in eastern states lifted cooling demand, but forecasts for cooler weather over the next 8 to 14 days pulled prices back.
Shifting weather forecasts are driving short-term swings in gas prices, and softer gas prices reduce energy and fertilizer costs for feed makers if the cooler outlook holds.
After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.