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A severe winter storm, dubbed a bomb cyclone, brought freezing temperatures to much of North America, with 90% of the U.S. failing to reach 32 degrees on New Year's Day. Spot gas in New York traded as high as $175/MMBtu while NYMEX futures averaged below $3, highlighting a pipeline capacity shortfall in the Northeast.
The gap between regional spot and futures prices shows that pipeline constraints, not just supply, are driving price spikes, which can raise energy and fertilizer input costs for feed producers.
investing.comJan 7, 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.
