# Record-Setting Cold Shakes Up America’s Commodities Markets - Bloomberg

> A record cold snap threatened heating-fuel shortages from the East Coast to Texas and pushed natural gas demand to unprecedented levels. The cold also put crops across the U.S. wheat belt at risk.

- Date: 2018-01-02 · published 2018-01-02T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/4672-record-setting-cold-shakes-up-america-s-commodities-markets-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Crop damage risk in the wheat belt could tighten wheat supplies, while strong gas demand lifts energy prices.

## Read by commodity

- WHEAT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-12 | [Arctic Blast Grips U.S., Upending Markets, Setting Records - Bloomberg](https://feedsoft.ai/events/5583-arctic-blast-grips-u-s-upending-markets-setting-records-bloomberg.md) | -9.6% | -39.2% |
| NATGAS | 2019-03-02 | [Record-Breaking Cold Blast in U.S. Will Roil Markets Next Week - Bloomberg](https://feedsoft.ai/events/7995-record-breaking-cold-blast-in-u-s-will-roil-markets-next-week-bloomberg.md) | -4.6% | -10.7% |
| NATGAS | 2020-10-06 | [US natgas highest since November as hurricane shuts output, cold forecasts - Markets - Business Recorder](https://feedsoft.ai/events/8350-us-natgas-highest-since-november-as-hurricane-shuts-output-cold-forecasts.md) | +25.7% | +42.2% |
| NATGAS | 2022-07-29 | [US natgas futures up - Markets - Business Recorder](https://feedsoft.ai/events/40668-us-natgas-futures-up-markets-business-recorder.md) | -2.1% | +11.7% |
| NATGAS | 2022-01-12 | [U.S. Natural Gas Extends Historic Rally as Cold Hits East Coast - Bloomberg](https://feedsoft.ai/events/43319-u-s-natural-gas-extends-historic-rally-as-cold-hits-east-coast-bloomberg.md) | +5.6% | -3.2% |
| WHEAT | 2024-06-21 | [Commodities Market Impact Weather](https://feedsoft.ai/events/13179-commodities-market-impact-weather.md) | -6.9% | -4.7% |
| WHEAT | 2024-04-24 | [Paris wheat around 3-month highs on weather worries, short covering - Markets - Business Recorder](https://feedsoft.ai/events/12147-paris-wheat-around-3-month-highs-on-weather-worries-short-covering-markets.md) | -1.9% | +21.8% |
| WHEAT | 2021-04-09 | [CBOT wheat futures rise on European cold snap - Markets - Business Recorder](https://feedsoft.ai/events/47638-cbot-wheat-futures-rise-on-european-cold-snap-markets-business-recorder.md) | -3.6% | -1.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-01-02/record-setting-cold-roils-markets-from-heating-fuel-to-wheat

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.