# U.S. natgas futures drop 10% on profit-taking, mild forecasts

> U.S. natural gas futures fell about 10% on Tuesday after a 12% rise the previous day. Traders took profits amid high volatility after forecasts pointed to mild weather for the next two weeks.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/38857-u-s-natgas-futures-drop-10-on-profit-taking-mild-forecasts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Milder forecasts reduce near-term heating demand and pressure gas prices lower, easing energy input costs for feed and fertilizer production.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-02-07 | [U.S. natgas futures drop 6% on forecasts for less cold, rising output \| Financial Post](https://feedsoft.ai/events/8458-u-s-natgas-futures-drop-6-on-forecasts-for-less-cold-rising-output-financial.md) | -19.2% | -1.2% |
| NATGAS | 2021-10-15 | [U.S. natgas falls near 5% on mild forecast, drop in global prices \| Reuters](https://feedsoft.ai/events/44763-u-s-natgas-falls-near-5-on-mild-forecast-drop-in-global-prices-reuters.md) | -13.4% | -14.2% |
| NATGAS | 2023-11-06 | [US natgas prices drop 7% on record output, mild weather](https://feedsoft.ai/events/6385-us-natgas-prices-drop-7-on-record-output-mild-weather.md) | -11.7% | -16.2% |
| NATGAS | 2025-01-21 | [U.S. Natural Gas Futures Fall on Milder February Outlook - WSJ](https://feedsoft.ai/events/6343-u-s-natural-gas-futures-fall-on-milder-february-outlook-wsj.md) | -40.6% | -18.8% |
| NATGAS | 2019-12-23 | [U.S. natgas futures down nearly 5% on warmer weather forecasts - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/7844-u-s-natgas-futures-down-nearly-5-on-warmer-weather-forecasts-energy-news-top.md) | -7.7% | -17.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/us-natgas-futures-drop-10-profit-taking-mild-forecasts-2022-11-01/

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