# Natural Gas Traders Unswayed by Record-Breaking Cold Penetrating Lower 48

> March Nymex natural gas futures settled slightly higher at $2.882 despite record-breaking cold across the Lower 48. Spot prices retreated across most of the country, while forecasts pointed to February ranking among the coldest on record and possibly extending into March.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5578-natural-gas-traders-unswayed-by-record-breaking-cold-penetrating-lower-48
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Prolonged cold that persists into March would increase heating demand and storage draws, supporting natural gas prices and energy costs for feed processors.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-12 | [Record cold brings a windfall for small U.S. natural gas producers](https://feedsoft.ai/events/5581-record-cold-brings-a-windfall-for-small-u-s-natural-gas-producers.md) | -9.6% | -39.2% |
| NATGAS | 2023-07-28 | [US power generators burn record amounts of natural gas on hottest day of summer](https://feedsoft.ai/events/35227-us-power-generators-burn-record-amounts-of-natural-gas-on-hottest-day-of-summer.md) | +0.8% | -0.5% |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2023-04-17 | [Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports](https://feedsoft.ai/events/36595-nat-gas-prices-surge-on-cold-u-s-temps-and-record-lng-exports.md) | +11.5% | +6.5% |
| NATGAS | 2023-10-25 | [US natural gas prices up on cooler forecast - Markets - Business Recorder](https://feedsoft.ai/events/33803-us-natural-gas-prices-up-on-cooler-forecast-markets-business-recorder.md) | +18.8% | -6.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-traders-unswayed-by-record-breaking-cold-penetrating-lower-48/

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