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Much colder-than-normal temperatures across the United States pushed U.S. natural gas demand on January 1, 2018 to 150.7 billion cubic feet, a record according to PointLogic. Higher power, industrial, and Mexican export demand plus LNG feedstock needs added to the record, and day-ahead prices neared $30/MMBtu in the Northeast.
Sustained winter demand tightens gas supply and raises power and fuel costs, while elevated gas prices increase nitrogen fertilizer and processing costs that feed through to feed prices.
bicmagazine.comJan 6, 2018
eia.govJan 5, 2018After 221 past bullish weather events, Natural Gas 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.
