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Natural-gas prices jumped 63% this week on forecasts of some of the coldest, snowiest weather in years across the country, from West Texas to the Great Lakes. Traders are weighing a possible repeat of a deadly winter storm that previously froze the region.
Sharply higher heating demand and gas prices raise costs for grain drying, feed mills and ethanol plants that rely on natural gas, and can tighten corn-based DDGS supply and feed margins.
wsj.comRyan Dezember, Jennifer HillerJan 23, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
