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Forward Henry Hub prices indicate an average of $3.20/mmBtu in 2025, about 44% above the 2024 average of $2.22. US gas markets have been subdued in 2024 after a spring low and high storage.
The forecast rise would be the steepest annual climb since 2022.
Expected higher US gas prices in 2025 would raise energy and nitrogen fertilizer costs for feed producers, adding to input cost pressure.
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.