# US natural gas prices dip - Markets - Business Recorder

> US natural gas futures settled 1.7% lower at $2.51 per mmBtu on the last trading day of 2023. The contract fell about 44% over the year, its biggest annual drop since 2006, on record output and ample storage.

- Date: 2023-12-30 · published 2023-12-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32891-us-natural-gas-prices-dip-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record production and full storage keep natural gas prices weak, which lowers costs for gas-fired fertilizer and grain drying. The bearish energy backdrop is a mild negative for input costs across feed.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40281290

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.