# June Futures Seen Up A Penny Going Into Expiration

> The expiring June natural gas contract was expected to open a penny higher at $3.19 as traders saw little downside in an oversupplied market. Ritterbusch noted that prices held key support after a moderately bearish weekly storage report. NOAA also forecast an active 2017 Atlantic hurricane season.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71201-june-futures-seen-up-a-penny-going-into-expiration
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Natural gas feeds fertilizer and power costs for feed producers, and the market is holding near current levels with no clear new driver. Hurricane risk to Gulf output is a possible upside factor later in the season.

## Read by commodity

- NATGAS: neutral

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/june-futures-seen-up-a-penny-going-into-expiration/

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