Loading…
US natural gas futures eased about 1% on Friday ahead of the Labor Day weekend, settling at $2.127/mmBtu. Forecasts for slightly less heat over the next two weeks weighed on prices, though a return to near-full service at Freeport LNG offset some of the decline.
Storage remained about 12% above normal.
Lower expected cooling demand reduces gas burn for power generation, keeping US gas prices weak. This has limited direct effect on feed grain prices, but it affects the energy costs behind fertilizer and processing.
brecorder.comReutersAug 31, 2024Not 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.
