U.S. natural gas futures settled up 3.7% at $2.697/mmBtu ahead of the November contract expiry. Forecasts showed slightly cooler weather but a two-week outlook still above normal, while Europe and Asia face cold snaps.
Higher natural gas prices raise drying and fertilizer costs for grain and feed producers, and cold-driven LNG demand supports US export terminal utilization.
After 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.
US natgas futures settled up 3.7% on 2026-10-27 ahead of November expiry, with cold snaps in Europe and Asia, directly matching the move date.