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US natural gas futures rose about 2.1% to $3.083 on November 1, driven by short-covering after an oversold setup and expectations of colder weather. Robust LNG feedgas demand from European and Asian buyers also supported prices.
Short-covering and early cold-weather forecasts lift Henry Hub prices, which raises the cost of natural gas-based nitrogen fertiliser and ethanol production that affects DDGS supply.
Not 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.