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Democrats swept both the US House and Senate in the midterm elections. The outlook for North American natural gas demand, including data centers and LNG exports, is being assessed in light of the result.
A shift in US policy could change gas demand from power and LNG exports, which affects gas costs for fertilizer and ethanol producers. The effect on feed commodity prices is uncertain.
After 34 past policy events, Natural Gas moved a median -1.7% over 5 sessions (38% higher; middle half -7.4% to +2.5%), and +2.6% 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.