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NYMEX November natural gas settled at $2.89/MMBtu, down 2.9 cents, after an EIA storage build of 64 Bcf for the week ended October 20 came in below expectations. Total stocks are 1.2% below the five-year average.
Falling US gas prices lower the cost of natural gas used in ethanol and fertilizer production, a mildly bearish signal for energy-linked feed inputs such as DDGS.
daily.energybulletin.orgTom WhippleOct 27, 2017Not 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.
