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US natural gas futures rose about 2.3% to $3.088 on November 2, supported by strong feedgas demand at LNG export terminals and tightening global supply. Lower-48 dry gas output leveled off after earlier records, limiting oversupply pressure.
Traders also cited expectations of colder weather in the eastern US.
Higher Henry Hub prices raise the cost of nitrogen fertiliser and ethanol-linked DDGS production, and feed-grain processing energy costs, while LNG export pull keeps domestic gas tied to global prices.
tradingkey.comNov 2, 2026Not enough comparable past events yet for a historical read.
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.
