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US natural gas prices hit a four-year high this winter as a just-in-time supply model relying on wellhead output and less storage took hold. Record dry gas production of 88.7 bcf/d in February is cited, and forward curves have inverted.
Tighter storage and volatile Henry Hub prices raise natural gas costs for US fertilizer and ethanol production, which can feed through to corn and feed input costs.
oilprice.comArthur BermanMar 24, 2019After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
