# UPDATE 2-U.S. natgas futures jump to fresh 9-month high following contract roll By Reuters

> US natural gas futures rose to a nine-month high on Friday as the front-month rolled to the more expensive October contract. Production along the Gulf Coast stayed shut after Hurricane Laura, while pipeline exports to Mexico hit a record and LNG flows began to recover.

- Date: 2020-08-28 · published 2020-08-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51816-update-2-u-s-natgas-futures-jump-to-fresh-9-month-high-following-contract-roll
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Hurricane-related production losses and firm export demand tighten the gas balance and lift the cost of nitrogen fertilizer inputs. Higher gas prices raise costs for ammonia and urea producers, which can feed through to fertilizer prices for grain growers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-18 | [U.S. natgas futures jump 7% to 5-week high on hotter forecasts \| Reuters](https://feedsoft.ai/events/40666-u-s-natgas-futures-jump-7-to-5-week-high-on-hotter-forecasts-reuters.md) | +21.6% | +28.6% |
| NATGAS | 2021-08-28 | [US natgas jump to fresh 32-month high - Markets - Business Recorder](https://feedsoft.ai/events/45737-us-natgas-jump-to-fresh-32-month-high-markets-business-recorder.md) | +8.7% | +28.8% |
| NATGAS | 2021-06-25 | [US natgas rises to fresh 29-month high - Markets - Business Recorder](https://feedsoft.ai/events/46765-us-natgas-rises-to-fresh-29-month-high-markets-business-recorder.md) | +10.5% | +21.6% |
| NATGAS | 2020-10-08 | [UPDATE 2-U.S. natgas up to highest since August as Hurricane Delta shuts output By Reuters](https://feedsoft.ai/events/8352-update-2-u-s-natgas-up-to-highest-since-august-as-hurricane-delta-shuts-output.md) | +0.8% | +23.7% |
| NATGAS | 2025-02-19 | [US natgas prices jump 6% to one-month high as wells freeze \| BOE Report](https://feedsoft.ai/events/8693-us-natgas-prices-jump-6-to-one-month-high-as-wells-freeze-boe-report.md) | -20.5% | -18.8% |

## Sources

- ca.investing.com: https://ca.investing.com/news/commodities-news/update-1us-natgas-futures-jump-to-fresh-9month-high-following-contract-roll-2240005

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