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Bloomberg reports US natural gas prices jumped more than 50% in two days and are on track for their biggest weekly gain as a winter storm descends on the US. The storm is expected to plunge Texas into deep freeze before threatening snow in New York City and Boston.
Sharp cold-driven demand and freeze risk to supply push gas and energy costs higher, lifting fertilizer and processing input costs for feed producers.
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.
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.