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U.S. natural gas futures fell about 1% to $2.80/MMBtu as the dollar index hit one-week highs. The EIA reported a 51 Bcf inventory build for the week ending July 6, below expectations, and stocks remain under year-ago and five-year-average levels.
Lower gas prices reduce energy costs for US ethanol and fertilizer production, a minor factor for feed. A firmer dollar can weigh on US export competitiveness for grains.
economies.comRami HaddadJul 12, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
