US winter storm derails Henry Hub's recent bearish turn

After 30 past bullish weather events, UREA moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% over 20.

• Jan 26, 2026Natural gas prices hit $6 as Winter Storm Fern brings extreme cold+1.6%
• Jan 21, 2026Natural Gas Prices Soar as Winter Storm Is Set to Drop Snow, Ice Across Massive Swath of the US - Bloomberg+1.6%
• Jan 22, 2026Natural gas prices suffer historic spike as extreme winter storm looms | CNN Business+1.4%
• Jan 26, 2026When the US freezes, the global LNG market catches a cold | Reuters+1.6%
• Jan 22, 2026Winter shock links gas markets worldwide as US freeze-offs meet global LNG competition | Saxo+1.4%

After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.

• Sep 28, 2021BRAZIL CORN WATCH: Rains to favor planting in south, dryness concern in central region | S&P Global+1.2%
• Apr 30, 2025Officials raise alarm as country's key crop forecast drops by over 1 million tons — here's what it means for global food prices-1.7%
• Jul 27, 2022Soybeans rally as U.S. forecast turns hot, dry | Financial Post+3.1%
• Oct 5, 2021BRAZIL CORN WATCH: Planting reaches 24.2%, imports jump in September | S&P Global-1.3%
• Oct 21, 2025How Current Weather Trends Are Shaping Global Grain Production - AgWeb+1.0%