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Benchmark European gas futures rose above €85 per megawatt-hour after gaining 2.7% in the previous session. Iran war peace talks showed little progress and tanker attacks in the Strait of Hormuz persisted.
Higher European gas prices raise fertilizer (nitrogen) and energy costs for feed producers and processors, and reinforce the energy-driven cost push across grain and oilseed chains.
oilprice.comMichael KernNov 11, 2026
bloomberg.comElena MaznevaNov 11, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
