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US natural gas futures fell to a one-month low, trading near $2.34 per MMBtu and roughly 50% below a year earlier. Prices are down about 21% for 2019 amid record US production and a milder-than-normal fall.
Analysts described the recent dip as possibly running its course, while some warned prices could fall below $2.00 if warmth persists.
Cheap natural gas lowers energy and fertilizer input costs and weakens the fuel-cost case for ethanol and other energy-linked feed inputs. Continued oversupply keeps the energy-price headwind on feed-grain margins.
cnbc.comPippa StevensDec 2, 2019Not 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.
