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US natural gas futures rose 3.3% to $2.296 per MMBtu on fears of supply disruption from Hurricane Dorian heading toward the US. Prices are at a one-month high but remain more than 20% lower year to date.
Natural gas feeds energy and fertilizer costs; a hurricane threat is a short-lived supply risk that has limited direct effect on feed grain prices.
wsj.comAmrith RamkumarAug 29, 2019After 221 past bullish weather events, NATGAS moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
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.
