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Henry Hub natural gas fell 3.77% to $3.21/MMBtu on November 13 after revised NOAA models forecast above-normal temperatures through November 25. The warmer outlook cut near-term heating demand expectations in a market already carrying above-average storage, and Canadian gas producers on the TSX also sold off.
Lower natural gas prices reduce input costs for nitrogen fertilizer and ethanol production, which can ease pressure on feed costs. Weak heating demand has little direct effect on grain or oilseed feed prices.
borealmarkets.comDr. Anaya SinghNov 13, 2026After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
