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Cold air and heavy snow in the Pacific Northwest and Northern Rockies sent November bidweek natural gas prices sharply higher. Sumas and SoCal Citygate traded well above their October averages.
An early cold snap and strong winter demand expectations support gas prices and can raise energy costs for feed mills and processors.
naturalgasintel.comOct 26, 2023After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
