Natural Gas Market Note | 05.11.2026
Futures stage a rally to begin the trading week.
NYMEX natural gas futures settled higher on the day, with contracts out to October 2029 posting gains. The front end of the forward curve showed the most strength, with the prompt-month June 2026 contract settling up $0.15 to end at $2.91 per MMBtu. As of today’s settlement, June 2026 was only one of three futures contracts for delivery through 2030 to settle below $3.00 per MMBtu, with April & May 2027 rounding out the group.
Natural gas futures began the electronic session on a strong note, moving higher shortly after the 6:00pm Eastern opening of trading. Weekend runs of near-term weather forecasting models helped to provide support to pricing as it appears a warmer pattern change is around the corner, with much of the country expected to see above normal temperatures for much of the next two weeks. At this point in the season, that translates into daily higher temperatures near or above 90°F across Texas, Florida, and the Plains, while the major population centers of the Midwest and East Coast should see daily highs eclipse 80°F.
These daily temperatures are high enough to create meaningful early season cooling demand, which should lead to higher natural gas burn for power generation and tighten the fundamental balance.
An archive of Daily Natural Gas Market Notes can be found here.