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US natural gas futures slid to a fresh near 25-year low on Friday as coronavirus demand destruction and swelling stockpiles weighed. July futures fell to $1.458 per mmBtu, while August was flat at $1.54.
Stockpiles are expected to reach a record 4.1 trillion cubic feet by October.
Record storage expectations keep gas cheap, reducing energy and nitrogen fertilizer costs. Lower gas prices weigh on the energy complex and related input costs for feed producers.
brecorder.comReutersJun 26, 2020Not enough comparable past events yet for a historical read.
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.
