Henry Hub Natural Gas Futures Pricing

New York Mercantile Exchange · December 2026 contract · Priced in U.S. dollars per MMBtu

Storage Signal

Nov 6 settle

Dec → Jan: Carry · +0.456

Carry (+) means later months trade above the nearby: the market is paying toward storage. Inverted (−) means the nearby trades above later months. Not trading advice.

Futures Chain

20 contracts

NGZ26 Dec 2026 OI 249,937 $2.998 / MMBtu +0.051 +1.73%

NGF27 Jan 2027 OI 291,247 $3.454 / MMBtu +0.041 +1.20%

NGG27 Feb 2027 OI 130,348 $3.084 / MMBtu +0.022 +0.72%

NGH27 Mar 2027 OI 226,271 $2.410 / MMBtu +0.011 +0.46%

NGJ27 Apr 2027 OI 166,251 $2.358 / MMBtu +0.005 +0.21%

NGK27 May 2027 OI 89,283 $2.410 / MMBtu +0.002 +0.08%

NGM27 Jun 2027 OI 39,922 $2.564 / MMBtu -0.001 -0.04%

NGN27 Jul 2027 OI 50,847 $2.800 / MMBtu -0.003 -0.11%

NGQ27 Aug 2027 OI 33,853 $2.885 / MMBtu -0.003 -0.10%

NGU27 Sep 2027 OI 30,508 $2.871 / MMBtu -0.002 -0.07%

NGV27 Oct 2027 OI 84,258 $2.949 / MMBtu -0.005 -0.17%

NGX27 Nov 2027 OI 25,392 $3.245 / MMBtu -0.009 -0.28%

NGZ27 Dec 2027 OI 31,923 $3.856 / MMBtu -0.008 -0.21%

NGF28 Jan 2028 OI 55,102 $4.291 / MMBtu -0.015 -0.35%

NGG28 Feb 2028 OI 16,759 $3.911 / MMBtu -0.014 -0.36%

NGH28 Mar 2028 OI 26,493 $3.211 / MMBtu -0.010 -0.31%

NGJ28 Apr 2028 OI 25,584 $3.016 / MMBtu -0.010 -0.33%

NGK28 May 2028 OI 8,625 $3.036 / MMBtu -0.012 -0.39%

NGM28 Jun 2028 OI 6,180 $3.188 / MMBtu -0.014 -0.44%

NGN28 Jul 2028 OI 5,884 $3.394 / MMBtu -0.013 -0.38%

Open interest (OI) is how many contracts are still open in each month.

Commitments of Traders

Tuesday, Nov 3

Managed moneySold 19.0K on the week · most net short in at least five years: −224K
Producers and merchantsLong 239K · short 239K · net +3.1K on the week: −551
Open interest Down 1.9K on the week · 354 traders: 1.70M

CFTC Commitments of Traders (disaggregated), NYMEX natural gas futures and options combined: positions as of Tuesday, Nov 3, published Friday, Nov 6; the next report (Nov 10 positions) is out Monday, Nov 16 at 3:30 pm ET. Net is longs less shorts, in contracts of 10,000 MMBtu.

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About

Storage Signal. Worked out from the futures themselves: the front month against the next, and old crop against new while the front month is old crop, at the latest trades while the market is open, else at the last settle.

Futures Chain. Every NYMEX contract month now trading, with its last price, the day’s change and its open interest.

Commitments of Traders. U.S. Commodity Futures Trading Commission, Commitments of Traders (disaggregated): the open positions of each kind of large trader as of Tuesday’s close, published Fridays at 3:30 pm ET (the following Monday in a holiday week).

Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. Cash basis is from USDA AMS daily grain bid reports; positioning is from the CFTC's Commitments of Traders; the natural gas outlook and storage are from the U.S. Energy Information Administration. This data is for informational purposes only, may be subject to delays or inaccuracies, and is not trading advice. Please consult official sources or your broker for trading decisions.