natural gas futures brokers

natural gas futures brokers

June 14th, 2016

U.S. natural gas prices remain near 9-month highs

U.S. natural gas futures held near the prior session’s nine-month highs on Tuesday, as forecasts for continued above-normal temperatures across most parts of the U.S. over the next two weeks continued to provide support.

Natural gas for delivery in July on the New York Mercantile Exchange tacked on 1.0 cent, or 0.39%, to trade at $2.594 per million British thermal units by 14:35GMT, or 10:35AM ET.

A day earlier, natural gas futures rallied to $2.635, the most since September 29, as warmer weather lifted cooling demand prospects for the fuel.

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August 3rd, 2012

Commodity Investing – Corn and soybean traders are bullish for a 15th consecutive week on speculation that the drought spreading across fields in the U.S. will spur the government to make more cuts to its production forecasts.

Fourteen analysts surveyed by Bloomberg predicted soybeans will climb next week and a further seven were bearish. Twelve expect gains in corn, six saw a decline and three anticipated little change. Hedge funds are holding the biggest bet on higher corn prices since September and almost the largest wager on costlier soybeans since at least 2006, U.S. Commodity Futures Trading Commission data show.

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July 26th, 2012

Managed Futures -Longboard Asset Management has announced the launch of the Longboard Managed Futures Strategy Fund (WAVIX), an investment product offering our managed futures strategy in a mutual fund package. Unlike the fund of funds structure, our goal is to offer direct access to portfolio manager talent at relatively lower costs and with greater transparency when compared to fund of funds or private placement opportunities.

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August 3rd, 2012

Natural Gas Futures – Natural gas matched coal as the primary fuel for U.S. power generation this year for the first time since the government started collecting data.

The BGOV Barometer shows natural-gas fired plants provided 32 percent of generation in May, close to coal’s 34 percent share, after the two fuels were in a virtual tie in April, according to the Energy Information Administration. Low prices are benefiting power generators such as Calpine Corp. (CPN), the biggest U.S. producer of electricity from natural gas.

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July 27th, 2012

Natural-gas futures tumbled 3.1% to their lowest settlement price of the week as traders rushed to close out contracts for August delivery before they expired at the end of session Friday.

Natural gas futures for August delivery on the New York Mercantile Exchange settled 9.5 cents, or 3.1%, lower, at $3.010 a million British thermal units. The most-active September delivery settled down 7.5 cents, or 2.4%, at $3.015/mmBtu.

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July 3rd, 2012

Natural gas futures were higher during U.S. morning trade on Tuesday, hitting a four-day high as forecasts for extreme heat across key parts of the U.S. in the next two weeks boosted near-term demand expectations for the fuel.

On the New York Mercantile Exchange, natural gas futures for delivery in August traded at USD2.865 per million British thermal units during U.S. morning trade, jumping 1.45%.

It earlier rose by as much as 1.75% to trade at USD2.873 per million British thermal units, the highest since June 27.

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June 18th, 2012

Natural gas futures prices rose Monday, bouncing back above $2.50 per million British thermal units as investors keep watch for further signs of rising gas demand after last week’s price surge.

Natural gas for July delivery rose 4.7 cents, or 1.9%, to recently trade at $2.514/MMBtu on the New York Mercantile Exchange.

Gas futures appear ready to hold in to a tight range near $2.50 as traders weigh volatile near-term weather forecasts and try to gauge whether the sharp rally last week will hold until the next set of inventory data this week.

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November 16th, 2011

Natural gas futures declined for a fifth day on Tuesday, falling to the lowest level since October 2010 as warm temperatures and concerns about growing U.S. inventory levels continued to weigh on sentiment.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.442 per million British thermal units during U.S. morning trade, shedding 0.34%.

It earlier fell by as much as 1.05% to trade at USD3.417 per million British thermal units, the lowest price since October 22, 2010.

Since the beginning of November, natural gas futures have fallen nearly 13%, as mild weather in key gas-consuming regions in the U.S. limited early-season heating demand.

The Commodity Weather Group said earlier that the U.S. East Coast was expected to be warmer-than-normal next week. Temperatures in the region could be 3-to-8 degrees Fahrenheit (1.6 to 4.4 Celsius) higher-than-normal, according to the firm’s six-to-ten-day weather outlook.

Natural gas futures prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts for late October and early November on heating demand.

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November 10th, 2011

Natural-gas futures settled 2.5% lower Wednesday amid continued worries over rising inventories and weak demand.

Weekly gas inventory data, due Thursday, are expected to show stocks rose by higher-than-normal levels, to top the vital 3.8 trillion-cubic-feet level. The Energy Information Administration report, scheduled for 10:30 a.m. EST, will show a inventory rise of 32 billion cubic feet in the week ended Nov. 4, according to analysts surveyed by Dow Jones Newswires.

That would top last year’s increase of 26 bcf and the five-year average rise of 23 bcf. If the forecast is correct, stocks of 3.826 trillion cubic feet would stand just 0.3% below a year ago and top the five-year average by 5.8%.

Kyle Cooper, managing partner at IAF Energy Advisors in Houston, said he expected a “huge” 35 billion-cubic-feet rise. “That’s a large number for this time of year,” he said.

Rising inventory and continued weak demand, in part due to forecasts for lingering above-normal temperatures through the third week of November in the eastern half of the nation, continue to batter prices.

Natural gas futures for December delivery on the New York Mercantile Exchange settled 9.3 cents, or 2.5%, lower, at $3.652 per million British thermal units. The December contract is 27.1 cents, or 6.9%, below its settlement on Oct. 28, when it began trading as the front-month contract.

“If we don’t start getting cold weather, it’s going to really get sloppy,” Cooper said, adding he sees the possibility for gas to slump to the low $3/mmBtu range, last seen in September 2009. In late October, winter-month futures were trading slightly above $4. But at Wednesday’s settlement, futures prices didn’t top the $4 mark until the November 2012 contract.

Near-term oversupply worries won’t fade quickly, the EIA said in its short-term energy outlook released Tuesday.

The EIA’s consumption estimates for fourth-quarter gas demand were revised downward to 69.88 billion cubic feet a day from 70.86 billion cubic feet a day, but were 1.3% above a year ago. The EIA also projects a 12% smaller drop in gas inventories this winter compared with a year ago. End-winter gas inventories are expected to hit a record above 1.8 trillion cubic feet at the end of March, up 14% from a year ago.

FUTURES         SETTLEMENT              NET CHANGE
Nymex Dec       $3.652                   -9.3c
Nymex Jan       $3.749                   -9.4c
Nymex Feb       $3.767                   -9.2c

CASH HUB        RANGE                    PREVIOUS DAY
Henry Hub       $3.44-$3.578             $3.38-$3.485
Transco 65      $3.425-$3.58             $3.41-$3.50
Tex East M3     $3.74-$3.95              $3.68-$3.76
Transco Z6      $3.80-$3.84              $3.70-$3.82
SoCal           $3.70-$3.87              $3.735-$3.79
El Paso Perm    $3.36-$3.485             $3.38-$3.43
El Paso SJ      $3.41-$3.48              $3.37-$3.42
Waha            $3.435-$3.48             $3.30-$3.425
Katy            $3.37-$3.50              $3.375-$3.43

-By David Bird, Dow Jones Newswires.