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U.S. natural gas prices surged about 26% to $3.91 per mmBtu on Tuesday as a blast of frigid Arctic air raised expected heating demand. A large winter storm was forecast to hit the southern Rockies, Plains and South before shifting toward the East Coast.
Forecast cold and storm-driven heating demand tightens near-term gas supply and lifts prices. Higher gas costs feed through to fertilizer and energy expenses for feed producers.
cnbc.comSpencer KimballJan 20, 2026After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
After 30 past bullish weather events, Urea moved a median +1.4% over 5 sessions (67% higher; middle half -0.3% to +1.6%), and +9.1% 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.
