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The US Energy Information Administration lowered its Henry Hub natural gas price forecasts for this year and next. Working gas in storage stood at 3,801 Bcf after a 77 Bcf injection, 1.4% above the five-year average and 2.8% below last year.
Lower US gas prices reduce costs for nitrogen fertilizer and ethanol production, which can ease pressure on corn and distillers grains values over time.
After 62 past bearish report events, Natural Gas moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.