US temperatures in October 2021 averaged 66.4 F through the first three weeks, the warmest start to October since at least 2005. Gas-fired heating demand was at its lowest level for that period since 2017, and forecasts showed mild weather continuing with residential-commercial demand possibly hitting record lows.
Henry Hub winter futures had fallen about $1 from early October highs.
Weak heating demand and rising production and storage are easing supply concerns, which pressures natural gas prices lower. Lower gas prices reduce nitrogen fertilizer and energy costs for feed producers.
Setelah 104 peristiwa cuaca bearish sebelumnya, Gas Alam bergerak median -7,8% selama 5 sesi (22% lebih tinggi; separuh tengah -14,8% sampai -0,8%), dan -3,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.