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October natural gas futures fell into the upper $2.20s per MMBtu on Wednesday, erasing the prior two sessions' gains. Lower cooling loads pushed some Appalachia and Northeast cash prices below $1/MMBtu.
The prompt month settled at $2.267 after a $2.255-$2.389 range.
Falling cooling demand and lower degree-day forecasts reduce near-term gas demand, pushing prices lower. This is routine price movement with little effect on feed grain markets.
energyintel.comSep 16, 2020Not 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.
