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NYSEA:UNG 2 February 2026

Natural gas prices plunge 26% as warmer forecasts hit; UNG tumbles and traders eye U.S. storage data

Natural gas prices plunge 26% as warmer forecasts hit; UNG tumbles and traders eye U.S. storage data

NEW YORK, Feb 2, 2026, 17:41 EST — After-hours U.S. natural gas prices plunged the most in a single day since 1995 on Monday, after forecasts for mid-February suddenly shifted warmer and supply bounced back quicker than expected. The front-month March Henry Hub contract closed down 25.7%, landing at $3.237 per million British thermal units. Commodity Weather Group slashed its heating degree day forecast by 26.3, signaling less demand for heating as temperatures rise. Output climbed to 111.6 billion cubic feet per day. Eli Rubin of EBW Analytics Group noted the supply rebound was “a far faster recovery than historic freeze-offs”—when ice clogs wells and pipelines. Meanwhile, Kpler reported that trend-following funds have taken an 18% net-short stance, betting prices will keep falling.
2 February 2026
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Stock Market Today

  • Sugar prices jump as India's weak monsoon and El Niño worries hit supply
    June 29, 2026, 1:29 PM EDT. Sugar prices rallied Friday, with New York sugar hitting its highest in two weeks and London sugar at a 2.75-month peak. Traders pointed to India's 42% below-normal monsoon rainfall as a main driver, putting pressure on sugarcane crops. India's Earth Science Ministry says it's the weakest monsoon in 11 years for the world's No. 2 sugar producer. Brazil's sugar output is also under pressure, as more cane goes to ethanol and Unica reported a 2% output drop through May. A confirmed El Niño weather pattern is raising more supply worries, with the U.S. NOAA citing a 67% chance of a strong "Super El Niño" this year, which could mean less rain for Brazil, India, and Thailand. All this keeps sugar prices up.
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