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The EIA's January 2017 Short-Term Energy Outlook expects Henry Hub natural gas to average $3.55/MMBtu in 2017 and $3.73 in 2018, up from a 2016 average of $2.51. The agency attributes the rise to consumption and exports exceeding supply and imports, which keeps inventories low.
A forecast of higher Henry Hub prices raises the cost of natural gas used in fertilizer, ethanol and feed processing, which can lift input costs for feed producers.
eia.govU.S. Energy Information Administration (EIA) (.gov)Feb 1, 2017After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.
