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Inflation-adjusted US natural gas futures fell to their lowest real level since the contract began trading in 1990, averaging about $1.80 last month. Production has grown faster than domestic and export demand.
Persistently low gas prices reduce energy and fertilizer production costs, which weighs on the cost base for feed ingredients and nitrogen inputs.
reuters.comJohn KempMar 1, 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.
