# Natural Gas Extends Scorching Rally on U.S. Supply Worries - Bloomberg

> Natural gas futures for October delivery surged as much as 10% and rose above $6 per million British thermal units for the first time in seven years before paring gains. The rally coincided with the expiration of the October futures contract, as traders closed out positions amid U.S. supply concerns.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7924-natural-gas-extends-scorching-rally-on-u-s-supply-worries-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight U.S. gas supply pushing prices to seven-year highs raises feed costs for energy-intensive processing and encourages substitution in feed-grain drying and fertilizer markets. Higher natural gas costs tend to lift DDGS and nitrogen fertilizer prices, which feeds into corn cost structures.

## Read by commodity

- CORN: neutral
- NATGAS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-09-28/u-s-natural-gas-jump-10-for-second-day-amid-global-crunch

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