NewsSignals
NewsSignals AI analysis·Trading Economics·

US Natural Gas Sinks to Two-Year Low

Grade Bbearish AI signal$NG
US natural gas prices plunged more than 4% to $2.51 per MMBtu, hitting their lowest level since October 2024 as warmer weather forecasts weakened near-term heating demand expectations. Lower heating demand and recovering US production averaging 113.3 bcfd over the past week added pressure, although LNG export flows increased to 18.2 bcfd in October from 17.9 bcfd in September. Persistently warm temperatures and stronger production could keep natural gas prices under pressure, while rising LNG exports may provide a partial offset.

Bullish strength: 20/100

  • LNG export flows rose to 18.2 bcfd in October from 17.9 bcfd in September.
  • Monthly production averaged 111.6 bcfd, below the record highs of 113.3 bcfd in August and September.

Bearish strength: 80/100

  • Natural gas prices fell more than 4% to $2.51 per MMBtu, the lowest since October 2024.
  • Above-normal temperatures across much of the northern two-thirds of the US could suppress heating demand.
  • Weekly Lower 48 production recovered to around 113.3 bcfd, adding supply pressure.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in macro.

U.S. Natural Gas Inventories Rise By 77 Billion Cubic Feet — Market Talk

U.S. natural gas inventories climbed by 77 Bcf last week, expanding the surplus above the five-year seasonal average as the injection season extends into November. Storage reached 3,801 Bcf as of October 30, standing 54 Bcf above the five-year average, while the build came in below analysts' 81 Bcf expectation. Mild early November weather could support further inventory builds and maintain downward pressure on natural gas prices.

Corn, soybean futures sag under weight of big US crops

US corn and soybean futures fell to multi-month lows as large domestic harvests continued to weigh on prices, with corn approaching a four-month low and soybeans hitting a 2-1/2-month low. December corn closed down 4.25 cents at $4.40 per bushel, while January soybeans dropped 14 cents to $11.88¼; analysts expect the USDA to report a record-large soybean harvest next week. Rising US crop supplies could maintain downward pressure on corn and soybean prices, while wheat may remain sensitive to developments surrounding Black Sea shipping access.

Gold climbs to two-week high as dollar, yields weaken

Gold climbed 1% to $4,102.50 per ounce, reaching its highest settlement since October 21 as a weaker US dollar and falling Treasury yields boosted demand. The 10-year Treasury yield dropped 5.5 basis points to 4.836%, while silver gained 0.2% to $52.233 per ounce. Gold could face renewed selling pressure if Friday's US jobs report strengthens expectations for a December Fed rate hike, despite improving near-term momentum.

Goldman Sachs trims gold forecasts as Fed stays hawkish

Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650 and its end-2027 target to $4,800 from $5,400, citing the Federal Reserve's increasingly hawkish policy stance. The bank warned that higher oil prices and equity-market drawdowns could trigger additional gold selling, while central-bank demand and long-term investor interest remain supportive. Lower price targets could pressure gold sentiment, although persistent structural demand may limit downside and support longer-term prices.