# Warm US Temps Undercut Nat-Gas Prices

> December Nymex natural gas closed down 1.45% on Monday as forecasts showed above-normal temperatures across most of the US through November 16. Storage levels are rising, and a weekly EIA injection came in above expectations.

- Date: 2026-11-02 · published 2026-11-03T00:08:19.771Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/76397-warm-us-temps-undercut-nat-gas-prices
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower heating demand and rising storage weigh on natural gas prices, which lowers the cost of gas-fired power and nitrogen fertilizer inputs. The effect on feed grain markets is minimal.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-11-28 | [Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand](https://feedsoft.ai/events/33343-nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand.md) | -5.3% | -8.7% |
| NATGAS | 2024-10-14 | [Nat-Gas Prices Tumble as US Weather Forecasts Warm](https://feedsoft.ai/events/10301-nat-gas-prices-tumble-as-us-weather-forecasts-warm.md) | -17.8% | -27.1% |
| NATGAS | 2025-07-01 | [Nat-Gas Prices Pressured by the Outlook for Cooler US Temps](https://feedsoft.ai/events/24409-nat-gas-prices-pressured-by-the-outlook-for-cooler-us-temps.md) | -0.9% | -9.0% |
| NATGAS | 2026-01-08 | [Nat-Gas Prices Fall on the Outlook for Above-Average US Temps](https://feedsoft.ai/events/8588-nat-gas-prices-fall-on-the-outlook-for-above-average-us-temps.md) | -5.5% | +30.2% |
| NATGAS | 2025-06-24 | [Nat-Gas Prices Fall on Forecasts for Cooler US Weather](https://feedsoft.ai/events/24407-nat-gas-prices-fall-on-forecasts-for-cooler-us-weather.md) | -6.7% | -5.2% |

## Sources

- barchart.com: https://www.barchart.com/story/news/8598792/warm-us-temps-undercut-nat-gas-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.