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US natural gas futures gained early Wednesday, extending a recovery from a steep three-week selloff despite mild November weather forecasts. Possible production curtailments and bearish speculative positioning offered some support, while expected additional supply later in the month limited the rebound.
Ample US gas supply and weak heating demand keep domestic natural gas prices soft, which lowers energy input costs for US feed and ethanol producers.
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.