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Natural gas prices in Asia, Europe and North America have risen roughly 30% to 50% in 2024. Forecasts of cold weather are expected to lift heating demand in key consumer hubs over the coming months.
Higher gas prices are also expected to raise power costs across major markets.
Higher gas prices raise nitrogen fertilizer production costs and feed-related energy costs, supporting input prices for feed buyers. Continued cold-driven demand keeps the energy complex firm.
reuters.comGavin MaguireDec 3, 2024After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
