
February natural gas futures fell on Monday as weather models trended warmer, reducing expected heating demand. Production stayed above 104 Bcf/d, and the front-month settled at $3.697/MMBtu.
Warmer forecasts cut demand expectations and push gas prices lower, easing energy costs for feed production and grain drying.
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.
Warmer weather models on Jan 27 cut expected heating demand while production stayed above 104 Bcf/d, driving the front month down to $3.697.