
US natural gas prices fell below $2.00/MMBtu on January 20 for the first time since 2016 and have stayed near $1.92. Ten of the past eleven weeks have been warmer than normal, delaying the cold weather that would normally lift prices.
Mild weather is removing the seasonal demand support for gas, keeping energy costs low for feed mills and grain drying. The move is mainly a price-driven weather story with little direct feed price impact.
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.