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Natural gas prices fell to near historic lows, with US gas around $1.86/MMBtu and nearly 30% below a year earlier. Asian spot LNG (JKM) closed at an all-time low of $3.00/MMBtu, and OMV's CEO said he wanted colder weather to lift gas prices.
Cheap natural gas lowers energy costs for grain drying and fertilizer production, which can weigh on feed input costs. The move is largely a price update with limited direct impact on feed commodities.
cnbc.comSam MeredithFeb 7, 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.
