# U.S. Natural Gas Futures Fall on Milder February Outlook - WSJ

> US natural gas futures fell on a milder February outlook after spot prices surged during holiday-weekend cold. The Nymex front month was down 3.6% at $3.807/MMBtu. Analysts said freeze-offs were smaller than feared, allowing physical prices to retreat.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/6343-u-s-natural-gas-futures-fall-on-milder-february-outlook-wsj
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected milder heating demand reduces near-term gas burn and pressures energy input costs for feed producers, such as those using gas-fired drying and processing. Lower gas prices can also weigh on ethanol-linked DDGS economics.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2025-01-21 | 1 | -34.8% | -5.2 | Milder February outlook and smaller-than-feared freeze-offs cut heating demand expectations and eased physical prices, driving the front-month lower on the day. |
| NATGAS | 2025-01-27 | 5 | -40.6% | -4.9 | A milder February outlook and smaller-than-feared freeze-offs let futures fall as the cold-driven premium faded. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-01-05 | [U.S. Natural Gas Extends Losses on Milder Weather Outlook - WSJ](https://feedsoft.ai/events/7828-u-s-natural-gas-extends-losses-on-milder-weather-outlook-wsj.md) | -20.7% | -0.8% |
| NATGAS | 2026-01-02 | [US natural gas futures start year lower on mild weather outlook](https://feedsoft.ai/events/7832-us-natural-gas-futures-start-year-lower-on-mild-weather-outlook.md) | -17.9% | +45.6% |
| NATGAS | 2020-11-03 | [US natural gas futures fall on milder weather - Markets - Business Recorder](https://feedsoft.ai/events/50350-us-natural-gas-futures-fall-on-milder-weather-markets-business-recorder.md) | -12.5% | -8.0% |
| NATGAS | 2018-02-01 | [Mild Weather Dims Natural Gas ETF Outlook](https://feedsoft.ai/events/7447-mild-weather-dims-natural-gas-etf-outlook.md) | -14.0% | -15.1% |
| NATGAS | 2023-11-08 | [Natural Gas Futures Fall Further on Mild November Temps, Record-Level Production](https://feedsoft.ai/events/6386-natural-gas-futures-fall-further-on-mild-november-temps-record-level-production.md) | +15.3% | +8.3% |

## Sources

- wsj.com: https://www.wsj.com/finance/commodities-futures/european-gas-prices-rise-on-lower-inventories-trump-lifting-lng-exports-ban-626fdf59

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