The EIA's Short-Term Energy Outlook projects Henry Hub natural gas averaging just under $3.50/MMBtu in 2026, a 2% decline. It forecasts a 33% rise to about $4.60 in 2027 as LNG export growth pushes demand 1.6 Bcf/d above supply.
US LNG exports are projected to grow 9% in 2026 and 11% in 2027.
The outlook signals tighter US gas balances in 2027 as LNG exports expand, raising domestic energy and fertilizer costs. Higher Henry Hub prices would lift corn drying and ammonia costs over the medium term.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.