# August Natural Gas Futures Contract Limps into Expiration

> The August Nymex natural gas contract expired at $2.492/MMBtu after falling 17.3 cents on the day. EIA reported a 16 Bcf storage injection, leaving inventories well above the five-year average.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35223-august-natural-gas-futures-contract-limps-into-expiration
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Robust production and ample storage keep US gas prices subdued, which lowers energy and fertilizer feedstock costs for the domestic feed chain.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-03-09 | [EIA expects US natural gas consumption to fall 2.4% in 2023 \| Oil & Gas Journal](https://feedsoft.ai/events/37036-eia-expects-us-natural-gas-consumption-to-fall-2-4-in-2023-oil-and-gas-journal.md) | -3.2% | -14.4% |
| NATGAS | 2020-05-08 | [Balances 'Way Too Loose' as Natural Gas Futures Extend Sell-Off Early](https://feedsoft.ai/events/10444-balances-way-too-loose-as-natural-gas-futures-extend-sell-off-early.md) | -12.1% | -4.1% |
| NATGAS | 2018-01-04 | [Natural gas slumps 4% after lower-than-expected US inventory drawdown](https://feedsoft.ai/events/7022-natural-gas-slumps-4-after-lower-than-expected-us-inventory-drawdown.md) | -30.1% | -31.8% |
| NATGAS | 2024-04-26 | [Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble](https://feedsoft.ai/events/9866-weekly-natural-gas-cash-spot-prices-move-higher-as-futures-stumble.md) | +18.9% | +71.3% |
| NATGAS | 2020-04-16 | [Natural Gas Contango Swells As Summer/Winter Trades Get Crowded \| Investing.com NG](https://feedsoft.ai/events/12200-natural-gas-contango-swells-as-summer-winter-trades-get-crowded-investing-com-ng.md) | +17.1% | -3.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/august-natural-gas-futures-contract-limps-into-expiration/

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