Loading…
U.S. natural gas rose about 14% to $4.857 per million BTU on a Wednesday, lifting the year-to-date gain to a record 30%. Colder forecasts for East Coast population centers and an approaching winter storm drove the rally.
Colder weather and rising heating demand tighten U.S. natural gas supply and lift costs for gas-based fertilizer and ethanol production, supporting feed input prices.
bloomberg.comFrancesca Maglione, Gerson Freitas Jr.Jan 12, 2022After 221 past bullish weather events, NATGAS 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.
Directly reports the ~14% natural gas jump on Jan 12 driven by colder East Coast forecasts and an approaching winter storm, which lifted heating demand expectations.
