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A winter storm across the Northeast and forecasts for a frigid February pushed U.S. natural gas futures up 11.1% to $2.85/MMBtu. The price was 57% above a year earlier but still about 15% below the level at the start of the heating season.
Stronger heating demand lifts U.S. natural gas costs, which raises input costs for nitrogen fertilizer and ethanol production and can support DDGS prices.
wsj.comRyan DezemberFeb 1, 2021After 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.
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.
