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Energy shortages in Europe and Asia pushed global gas prices above $40/MMBtu in early October 2021, while U.S. wholesale distillate and propane prices reached seven-year highs. Henry Hub reached a seven-year high settlement of $6.312/MMBtu on October 5, a much smaller rise because of different U.S. market structure.
The article links these shortages to low gas and coal stocks in Europe and Asia.
Tight global energy supply supports natural gas and diesel prices, raising fertilizer, drying and transport costs for feed producers and reinforcing inflation pressure on feed ingredients.
dtn.comDave CastoDec 1, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
