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December Henry Hub natural gas fell 1.35% to $2.86 per MMBtu on November 2, failing to break $3 for a second session. U.S. storage rose 80 Bcf to 3,724 Bcf, ending ten weeks of below-average injections, while LNG feedgas is running near record levels around 20 Bcf/d.
Mild two-week forecasts and a bearish storage report weigh on U.S. gas prices, which feed into fertilizer (nitrogen) costs and energy-linked feed inputs. The gap with Europe's roughly €101 TTF price shows U.S. export terminals running full, so domestic prices stay largely insulated from European spikes.
tradingnews.comItai SmidtNov 2, 2026Not 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.
