# U.S. natgas soars 47% on scant volume as contract expires

> U.S. natural gas futures ended up 47% on Thursday, a record daily percentage gain, on total volume of about 7,000 contracts in the expiring February contract. The next-month contract rose a more typical 6.1% on much heavier volume.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6913-u-s-natgas-soars-47-on-scant-volume-as-contract-expires
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The record gain came from short-covering in a thin expiring contract rather than a fundamental shift, though colder forecasts and a larger storage draw supported sentiment. Energy cost volatility feeds into feed processing and grain drying costs.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-01-27 | 1 | +21.0% | 4.6 | The expiring February contract's record 47% gain on thin volume (~7,000 contracts) was a technical squeeze that directly produced the 1-day move ending 2022-01-27. |

## Sources

- reuters.com: https://www.reuters.com/article/markets/oil/us-natgas-soars-47-on-scant-volume-as-contract-expires-idUSL1N2U71LX/

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