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U.S. natural gas futures fell about 2% on Monday, September 28, the last day of the October contract, which settled at $2.101/MMBtu. The decline came amid a continued supply surplus and easing Atlantic storm threats, despite projected higher LNG exports.
November futures, the new front month, were roughly flat at $2.795.
Lower Henry Hub natural gas prices reduce the cost of nitrogen fertilizer and energy inputs, a modest bearish signal for feed-cost inputs. The effect on feed grain prices is limited.
financialpost.comReutersSep 28, 2020Not 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.
