# US natgas futures set for best year since 2016 - Markets - Business Recorder

> 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.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/49822-us-natgas-futures-set-for-best-year-since-2016-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Colder US weather and record LNG exports tighten domestic supply and support gas prices, which lift nitrogen fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-11-08 | [US natgas futures jump - Markets - Business Recorder](https://feedsoft.ai/events/7580-us-natgas-futures-jump-markets-business-recorder.md) | +7.4% | -11.6% |
| NATGAS | 2022-12-08 | [US natgas futures surge on forecasts for colder weather - Markets - Business Recorder](https://feedsoft.ai/events/11507-us-natgas-futures-surge-on-forecasts-for-colder-weather-markets-business.md) | +27.9% | -29.6% |
| NATGAS | 2023-04-20 | [US natgas futures up on output decline - Markets - Business Recorder](https://feedsoft.ai/events/36592-us-natgas-futures-up-on-output-decline-markets-business-recorder.md) | -2.6% | +4.3% |
| NATGAS | 2024-01-10 | [US natgas prices higher - Markets - Business Recorder](https://feedsoft.ai/events/4186-us-natgas-prices-higher-markets-business-recorder.md) | -11.0% | -39.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40046295

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