# Market Watch | Energy Intelligence

> 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.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8358-market-watch-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7db-de4c-a17b-e7db8c690000

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