As we discussed last week in Looking to the Futures, natural gas prices have been plagued by the perfect storm of lower demand and higher production throughout the withdrawal season.
Corn futures traded higher to start the month with weekly USDA data showing an increase in exports week over week.
Equity markets plunged to start the week based on increased FOMC pressure to raise rates to combat inflation.
Crude oil prices dropped substantially to start the week after the dollar rallied.
Low inventories drove natural gas prices to their highest level since 2008, while above normal temperatures are putting additional stress on natural gas supply.
Natural gas prices traded higher to start the week after forecasts show hotter than average temperatures in the United States.