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NOAA's outlook favored above-normal temperatures across most of the contiguous US for November 10-14, with the highest probabilities in the Northern Plains. Natural gas was facing weak heating demand ahead of the EIA storage report, which showed inventories 38 bcf above the five-year average.
Warmer forecasts reduce near-term gas burn and help preserve storage, which weighs on Henry Hub prices and lowers gas costs for US fertilizer and feed producers.
fxempire.comChristopher LewisNov 5, 2026After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% over 20.
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.
