Loading…
US natural gas futures for February delivery rose 2.4% to $2.481 per MMBtu and were on track for their best year since 2016. Gains were supported by forecasts for slightly colder weather and record LNG exports, although forecast heating degree days remained below normal.
Colder US weather and record LNG exports tighten domestic supply and support gas prices, which lift nitrogen fertilizer and energy costs for feed producers.
brecorder.comReutersDec 31, 2020After 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.
