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European natural gas prices fell that week to more than 70% below their August record high. Europe now has enough gas for the near term, which is the main reason for the plunge.
Lower European gas costs ease pressure on nitrogen fertilizer production and on energy-linked feed costs. The price drop reduces the cost-push risk for feed ingredients.
nytimes.comOct 25, 2022Not enough comparable past events yet for a historical read.
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.
