# October Natural Gas Futures Drop amid LNG Setback, Storms and Cooler Temps

> October natural gas futures settled at $1.835 per MMBtu, down 21.3 cents, the first close below $2.00 since early August. The decline followed lower LNG feed gas flows, a seasonal maintenance outage at Cove Point LNG and forecasts of milder Midwest temperatures.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6763-october-natural-gas-futures-drop-amid-lng-setback-storms-and-cooler-temps
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower LNG feed gas demand and milder weather reduce near-term gas prices, which eases energy and fertilizer costs for feed producers. The effect is mostly on the energy complex.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2020-09-22 | 1 | +13.9% | 3.0 | October futures fell 21.3 cents to $1.835 on lower LNG feedgas, Cove Point maintenance and milder forecasts, which is the immediate preceding sell-off that fed the volatility. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-11-01 | [Natural Gas Futures Extend Drop on Delayed Winter Arrival, Golden Pass LNG Project](https://feedsoft.ai/events/11711-natural-gas-futures-extend-drop-on-delayed-winter-arrival-golden-pass-lng.md) | -9.8% | +52.1% |
| 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% |
| NATGAS | 2025-07-01 | [Nat-Gas Prices Pressured by the Outlook for Cooler US Temps](https://feedsoft.ai/events/24409-nat-gas-prices-pressured-by-the-outlook-for-cooler-us-temps.md) | -0.9% | -9.0% |
| NATGAS | 2020-09-17 | [Containment Risk Drives Natural Gas Forwards Lower; EIA Data Sends October Plunging to $2.00](https://feedsoft.ai/events/6762-containment-risk-drives-natural-gas-forwards-lower-eia-data-sends-october.md) | -11.0% | +6.8% |
| NATGAS | 2024-01-16 | [Natural Gas Prices Give Back Pre-Storm Gains](https://feedsoft.ai/events/32298-natural-gas-prices-give-back-pre-storm-gains.md) | -63.9% | -73.3% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/october-natural-gas-futures-drop-amid-lng-setback-storms-and-cooler-temps/

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