# Time Is (Not) On My Side - Natural Gas Futures Plunge to Record June Lows; Why Now? | RBN Energy

> Henry Hub prompt futures settled at $1.482/MMBtu on June 24, down 11.5 cents and the lowest June settle on record. The drop followed a larger-than-expected EIA storage build. Storage could reach record highs for the season by mid-July and persist through injection season.

- Date: 2020-06-26 · published 2020-06-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9808-time-is-not-on-my-side-natural-gas-futures-plunge-to-record-june-lows-why-now
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Persistent storage surplus and weak demand including exports keep US gas prices depressed, lowering energy and nitrogen fertilizer costs for feed producers.

## Read by commodity

- UREA: bearish ▼

## Sources

- rbnenergy.com: https://rbnenergy.com/daily-posts/blog/natural-gas-futures-plunge-record-june-lows-why-now

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