# U.S. Natural Gas Futures Fall on Mild Near-Term Weather - WSJ

> US natural gas futures fell as mild near-term weather combined with rising production. Supply is returning to the market while domestic consumption slows.

- Date: 2026-10-23 · published 2026-10-23T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/626-u-s-natural-gas-futures-fall-on-mild-near-term-weather-wsj
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower natural gas prices reduce nitrogen fertilizer and energy costs, and weaker gas can ease ethanol and DDGS production costs.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2026-10-26 | 1 | -9.4% | -3.0 | Mild near-term U.S. weather and rising production cut heating demand and added supply, continuing the selling pressure that drove the sharp US gas decline into Oct 26. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-05-12 | [U.S. natgas futures slide as mild weather and coronavirus cuts demand \| Financial Post](https://feedsoft.ai/events/10439-u-s-natgas-futures-slide-as-mild-weather-and-coronavirus-cuts-demand-financial.md) | +0.8% | -2.2% |
| NATGAS | 2020-04-02 | [Feature: Unfettered global natural gas market a sign of the times](https://feedsoft.ai/events/53828-feature-unfettered-global-natural-gas-market-a-sign-of-the-times.md) | +11.2% | +8.8% |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2019-09-13 | [IHS Markit: US natural gas price will fall to levels not seen since 1970s \| World Pipelines](https://feedsoft.ai/events/57254-ihs-markit-us-natural-gas-price-will-fall-to-levels-not-seen-since-1970s-world.md) | -0.1% | -13.8% |
| NATGAS | 2020-06-03 | [Natural gas prices could go negative on global oversupply](https://feedsoft.ai/events/52798-natural-gas-prices-could-go-negative-on-global-oversupply.md) | +2.8% | +4.8% |
| UREA | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | +0.3% | +13.2% |
| UREA | 2026-06-23 | [Natural gas: Lower TTF path but winter risks – Rabobank](https://feedsoft.ai/events/18990-natural-gas-lower-ttf-path-but-winter-risks-rabobank.md) | -2.1% | -1.4% |
| UREA | 2023-03-24 | [US natgas prices slump after mild winter leaves big surplus \| Reuters](https://feedsoft.ai/events/37027-us-natgas-prices-slump-after-mild-winter-leaves-big-surplus-reuters.md) | -0.8% | +13.0% |

## Sources

- wsj.com: https://www.wsj.com/articles/european-gas-prices-at-highest-since-2022-on-lng-supply-fears-52b80e20

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.