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US natural gas futures rose 2.43% to $2.9654 per MMBtu on November 4 as producer output fell. Prices remain down about 30% over the past year, and warm weather through November 18 and slower LNG export flows are weighing on demand.
Producer output cuts support prices, but warm weather and weaker LNG exports offset the gain, so the impact on feed-relevant energy and fertilizer costs is limited.
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.