# US natural gas futures fall on milder weather - Markets - Business Recorder

> US natural gas futures fell about 3% on Nov. 2 as forecasts pointed to milder weather in the coming days, although prices stayed near a 21-month high. Record LNG feedgas flows were supporting demand. Utility storage withdrawals in the week ended Oct. 30 were smaller than the year-earlier build and the five-year average.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Milder forecasts reduce near-term heating demand and pressure gas prices, but strong LNG exports and storage tightness limit the downside. Gas cost moves affect nitrogen fertilizer and ethanol margins.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-10-30 | [US natural gas futures slip - Markets - Business Recorder](https://feedsoft.ai/events/8120-us-natural-gas-futures-slip-markets-business-recorder.md) | +0.6% | +60.1% |
| NATGAS | 2023-11-29 | [US natural gas prices slide - Markets - Business Recorder](https://feedsoft.ai/events/33342-us-natural-gas-prices-slide-markets-business-recorder.md) | -1.0% | -4.3% |
| NATGAS | 2023-11-27 | [US natgas hits two-month low on ample output, mild weather - Markets - Business Recorder](https://feedsoft.ai/events/33344-us-natgas-hits-two-month-low-on-ample-output-mild-weather-markets-business.md) | -2.4% | -7.6% |
| NATGAS | 2021-03-01 | [US natgas slips to fresh 4-week low as weather turns seasonally milder - Markets - Business Recorder](https://feedsoft.ai/events/48291-us-natgas-slips-to-fresh-4-week-low-as-weather-turns-seasonally-milder-markets.md) | -0.2% | -6.5% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40030479

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