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November natural gas futures became the front month on September 28 and fell 22.5 cents (8%) to $2.57/MMBtu, with December through March contracts also down 12 to 16 cents. The decline followed weak spot markets that had pushed the October contract to $2.10 at expiration.
Weaker front-month gas prices lower natural gas and nitrogen fertilizer input costs. Continued weakness would reinforce a bearish cost outlook for feed producers.
globallnghub.comEditorSep 30, 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.
