# Commodity Traders Weekly Outlook: Natural Gas on Fire with Oats as Rice and Cotton Pull Back - TRADERS COMMUNITY

> NYMEX natural gas rose over 16% in the week, while oats, soybean oil and wheat futures gained 9-12%. Rough rice fell 7% and WTI crude rose 2.3% to $71.78, with corn up 6%.

- Date: 2023-06-17 · published 2023-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8293-commodity-traders-weekly-outlook-natural-gas-on-fire-with-oats-as-rice-and
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher natural gas raises nitrogen fertilizer and drying costs, and gains in wheat, oats and corn signal firmer feed grain values. These are routine weekly price moves with no single new cause.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- OATS: bullish ▲
- WHEAT: bullish ▲
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2023-06-15 | 5 | +9.5% | 2.9 | Weekly outlook directly documents soybean oil futures gaining roughly 9-12% in the week to mid-June, matching the move, with crude oil also firmer, though it mostly describes rather than explains the rally. |
| SBO | 2023-06-19 | 1 | +4.7% | 3.0 | Weekly market recap through 2023-06-17 shows soybean oil futures rallying 9-12% alongside grains and crude, indicating strong momentum and sentiment that plausibly carried into the 4.69% move on 2023-06-19. |

## Sources

- traderscommunity.com: https://traderscommunity.com/commodity-traders-weekly-outlook-natural-gas-on-fire-with-oats-as-rice-and-cotton-pull-back/

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