Henry Hub up 27 cents to $1.83
Natural gas spot prices rose at most locations this report week (Wednesday, May 13 to Wednesday, May 20). The Henry Hub spot price rose from $1.56 per million British thermal units (MMBtu) last Wednesday to $1.83/MMBtu yesterday.
At
the New York Mercantile Exchange (Nymex), the price of the June 2020
contract increased 16¢, from $1.616/MMBtu last Wednesday to $1.771/MMBtu
yesterday. The price of the 12-month strip averaging June 2020 through
May 2021 futures contracts climbed 4¢/MMBtu to $2.399/MMBtu.
The
net injections to working gas totaled 81 billion cubic feet (Bcf) for
the week ending May 15. Working natural gas stocks totaled 2,503 Bcf,
which is 45% more than the year-ago level and 19% more than the
five-year (2015–19) average for this week.
The natural gas plant
liquids composite price at Mont Belvieu, Texas, rose by 52¢/MMBtu,
averaging $4.27/MMBtu for the week ending May 20. The prices of natural
gasoline and ethane rose by 8% and 18%, respectively. The prices of
propane, butane, and isobutene each rose by 13%. Ethane prices continue
to rise above their long-term trend of value relative to natural gas
amid concerns about declining liquids-rich natural gas production in the
Permian Basin and its impacts on availability of ethane as a
petrochemical feedstock.
According to Baker Hughes, for the week
ending Tuesday, May 12, the natural gas rig count decreased by 1 to 79.
The number of oil-directed rigs fell by 34 to 258. The total rig count
decreased by 35, and it now stands at 339, the lowest on record dating
back to 1987.
NBW Reports
Cattle Inventory By State: This Year vs. Last Year
Cattle Inventory Highlights
Cattle Inventory: Ranking Of States With The Most Cattle
Cattle on Feed
Cattle Slaughter By State
Cold Storage
Corn Progress By State
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock Comments
Livestock Slaughter
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & Pigs
Price Projections For Steers, Hogs, Milk
Protein Production Estimates
Ranking Of States With The Largest Farms
Ranking Of States With The Most Farms
Ranking Of States With The Most Land In Farms
Red Meat By Production By State
Soybean Balance Sheet
Today's Weather
Top 25: Largest Steer & Heifer Strings Sold Today
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook
Rob Cook, RobCookKC@gmail.com