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US natural gas prices fell to nearly four-year lows as a mild North American winter and rising shale output pushed storage to five-year highs. Shale production continues to grow and gas use in power generation is expanding.
Persistently cheap gas supports lower energy and processing costs and keeps coal and gas switching favorable for power. Feed buyers see only indirect effects on grain and protein prices.
cmegroup.comFeb 5, 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.
