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Reuters reports that high gas prices and energy security concerns are slowing efforts to shift from coal to gas, after Russian gas supply disruptions following the Ukraine invasion. Gas prices in Europe and Asia reached all-time highs earlier this year, adding to inflation.
Persistently high gas prices keep energy and nitrogen fertilizer costs elevated, supporting feed and crop input prices.
reuters.comFlorence Tan, Joyce LeeMay 27, 2022After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
