According to the U.S. Energy Information Administration (EIA) weekly natural gas storage report, working natural gas in storage was 3,644 billion cubic feet (Bcf) as of 11 November. That inventory was 4 Bcf higher than last year at this time and 7 Bcf below the five-year average of 3,651 Bcf. Despite falling slightly below the average, this represents a significant rebuilding of stocks back to near the five-year average, and the closest to the historical average since January. As far as natural gas prices for inputs, that is generally positive news.
The normal refilling season for stocks runs from 1 April (noted in the chart above) to 31 October (give or take a week or two as refilling continues into the heating season). Inventories were...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
