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Dutch natural gas rose 24% to €40 per MWh after news of potential industrial action at Australian LNG plants. US natural gas prices have climbed 18% in August so far.
Higher gas prices raise energy and nitrogen fertilizer costs, feeding through to feed production costs and prices.
cnn.comOlesya DmitracovaAug 10, 2023After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.
After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
