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U.S. natural-gas prices swung sharply in January 2019 on shifting cold-weather forecasts after the market had been low for about five to six weeks. Storage was at a 15-year low for the season, and analysts expect high volatility to continue through winter.
Volatile gas prices driven by weather make energy costs for drying and processing less predictable for feed buyers, with upside risk during cold snaps.
After 15 past neutral weather events, Natural Gas moved a median -5.0% over 5 sessions (27% higher; middle half -11.3% to -0.9%), and +4.6% 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.