Loading…
U.S. Henry Hub gas futures rose above $6 per MMBtu for the first time since January as cold weather lingered in the West and Midcontinent. The U.S. storage deficit is forecast to widen to 276 Bcf.
Cold weather and a widening storage deficit lift near-term gas prices, which raises fertilizer and processing costs for feed makers.
spglobal.comApr 5, 2022After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
