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Natural gas futures rose after a large storage withdrawal was reported. Colder weather in the coming days was expected to cut further into the stock surplus relative to last year.
A bigger-than-expected withdrawal signals tighter supply and supports higher gas prices, which affects energy costs for feed processors.
wsj.comJan 11, 2024After 74 past bullish report events, NATGAS moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
