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US natural gas futures eased about 1% on May 22 after a smaller-than-expected decline in output and lower demand forecasts. The June contract settled near $3.22/MMBtu, following a roughly 12% drop the prior week.
Lower 48 output averaged 104.9 bcfd in May, below April's record of 105.8 bcfd.
Softer gas prices lower the cost of nitrogen fertilizer and natural-gas-based energy inputs, a modest bearish signal for input costs in feed production.
tradingview.comMay 23, 2025Not 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.
