Markets / Natural Gas
Natural Gas
Nov Nat Gas futures · $ per MMBtu
Natural Gas is down 11.7% since January 1. By this point in a typical year (2021–2025) it was up 20.7%. From here to year-end, the price rose in 2 of the last 5 years, down 9.9% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
As of Tuesday, Oct 6, hedge funds and commodity advisors are net short 144,537 contracts (less bullish than the week before, -11,738). That's the most bearish they've been in 3 years. When funds are this one-sided, a surprise can trigger fast moves the other way as they get out. CFTC Commitments of Traders, Disaggregated Futures Only. Published Fridays with Tuesday's positions.
Every contract month
Natural Gas futures trade every month.
Deferred months are priced above Nov Nat Gas (a carry): the market is paying to store it.
| Month | Last | Change | vs. Nov |
|---|---|---|---|
| Nov Nat Gas | 3.227 | +$0.060 | — |
| Dec Nat Gas | 3.563 | +$0.057 | +$0.336 |
| Jan Nat Gas | 3.965 | +$0.033 | +$0.738 |
| Feb Nat Gas | 3.577 | +$0.024 | +$0.350 |
| Mar Nat Gas | 2.798 | +$0.010 | -$0.429 |
| Apr Nat Gas | 2.691 | +$0.006 | -$0.536 |
| May Nat Gas | 2.720 | +$0.003 | -$0.507 |
| Jun Nat Gas | 2.871 | unch | -$0.356 |
| Jul Nat Gas | 3.098 | -$0.001 | -$0.129 |
| Aug Nat Gas | 3.169 | -$0.002 | -$0.058 |
| Sep Nat Gas | 3.155 | -$0.002 | -$0.072 |
| Oct 27 Nat Gas | 3.245 | -$0.003 | +$0.018 |
Text me when Nov Nat Gas hits my number
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Set up Nov Nat Gas alertsWhy it moved
US Natural Gas Prices Fall 4% to 11-Week Low on Record Output.
Reports coming up
- Wed Oct 14EIA crude oil inventories9:30am CT
- Thu Oct 15EIA natural gas storage9:30am CT
- Wed Oct 21EIA crude oil inventories9:30am CT
- Thu Oct 22EIA natural gas storage9:30am CT
- Wed Oct 28EIA crude oil inventories9:30am CT
- Thu Oct 29EIA natural gas storage9:30am CT
- Wed Nov 4EIA crude oil inventories9:30am CT
- Thu Nov 5EIA natural gas storage9:30am CT
- Wed Nov 11EIA crude oil inventories9:30am CT
About this market
NYMEX Henry Hub natural gas, 10,000 MMBtu. Drives nitrogen fertilizer costs and grain-drying costs.