Natural gas prices moved lower on Monday, with the November 2026 NYMEX contract giving up 5 cents to finish near $3.17 per MMBtu. The contract dipped as low as $3.09 early in the session before stabilizing over the course of the day. The full Winter 2026-27 strip declined 3 cents to settle just below $3.40 per MMBtu, while contracts further out the curve edged modestly higher.
This week is expected to bring a significant shift in temperature patterns. Much warmer-than-normal weather is forecast across key areas of the Midwest and East in the coming days, but cooler-than-normal conditions are expected to develop in these regions by the weekend. While this unseasonable cold is expected to be short-lived, any forecast changes suggesting a more sustained period of sustained, meaningful cold during the second half of October would likely get the market’s attention.
An archive of Daily Natural Gas Market Notes can be found here.