# U.S. natgas futures drop 6% on forecasts for less cold, rising output | Financial Post

> U.S. natural gas futures fell about 6% on Monday as output recovered from Winter Storm Landon and forecasts pointed to less cold and lower heating demand over the next two weeks. March NYMEX futures dropped to about $4.30 per mmBtu. Landon had cut gas output by roughly 7.2 bcfd, far less than Winter Storm Uri in 2021.

- Date: 2022-02-07 · published 2022-02-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/8458-u-s-natgas-futures-drop-6-on-forecasts-for-less-cold-rising-output-financial
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Faster production recovery and weaker heating demand loosen the gas balance, lowering natural gas prices. Cheaper gas reduces energy and fertilizer input costs for feed producers, though the direct effect on feed grain prices is limited.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-01 | [U.S. natgas futures drop 10% on profit-taking, mild forecasts](https://feedsoft.ai/events/38857-u-s-natgas-futures-drop-10-on-profit-taking-mild-forecasts.md) | +0.3% | +16.9% |
| NATGAS | 2023-01-05 | [U.S. natgas sinks nearly 11% to 1-year trough on low storage draw, warm weather forecasts \| Financial Post](https://feedsoft.ai/events/9182-u-s-natgas-sinks-nearly-11-to-1-year-trough-on-low-storage-draw-warm-weather.md) | -10.5% | -35.3% |
| NATGAS | 2022-02-25 | [April Natural Gas Futures Debut with Thud on Warming Forecast, Returning Output](https://feedsoft.ai/events/42886-april-natural-gas-futures-debut-with-thud-on-warming-forecast-returning-output.md) | +0.1% | +13.3% |
| NATGAS | 2021-10-15 | [U.S. natgas falls near 5% on mild forecast, drop in global prices \| Reuters](https://feedsoft.ai/events/44763-u-s-natgas-falls-near-5-on-mild-forecast-drop-in-global-prices-reuters.md) | -13.4% | -14.2% |
| NATGAS | 2022-02-11 | [U.S. natgas futures slide to 3-week low on jump in output \| BOE Report](https://feedsoft.ai/events/8460-u-s-natgas-futures-slide-to-3-week-low-on-jump-in-output-boe-report.md) | +13.4% | +19.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-natgas-futures-drop-6-on-forecasts-for-less-cold-rising-output

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