Natural Gas

Henry Hub · NGZ26
Henry Hub Natural Gas Down 0.7% today (−$0.024)
$3.362

Urea is made from ammonia and ammonia is made from natural gas, the largest part of the cash cost of a tonne at most plants: a lasting move in gas reaches the urea price with a lag of weeks to months.

Front-month futures, in dollars per million BTU; Henry Hub is the U.S. benchmark.

Storage Signal

Oct 16 settle
Nov → Dec
Carry · +3.50

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

12 contracts
UFVV26 Oct 2026 OI 163 $438.25 / ton +1.25 +0.29%
UFVX26 Nov 2026 OI 297 $448.50 / ton -1.50 -0.33%
UFVZ26 Dec 2026 OI 237 $452.00 / ton -5.50 -1.20%
UFVF27 Jan 2027 OI 400 $457.50 / ton -4.00 -0.87%
UFVG27 Feb 2027 OI 175 $465.00 / ton 0.00 0.00%
UFVH27 Mar 2027 OI 236 $470.00 / ton 0.00 0.00%
UFVJ27 Apr 2027 OI 5 $466.00 / ton +3.50 +0.76%
UFVK27 May 2027 OI 5 $457.50 / ton 0.00 0.00%
UFVM27 Jun 2027 OI 5 $452.50 / ton 0.00 0.00%
UFVN27 Jul 2027 OI 5 $440.00 / ton 0.00 0.00%
UFVQ27 Aug 2027 OI 5 $440.00 / ton 0.00 0.00%
UFVU27 Sep 2027 OI 5 $440.00 / ton 0.00 0.00%

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

More for members

  • Natural gas outlook and storageEIA's forecast for Henry Hub, and working gas in storage against the five-year average
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About

Natural Gas. Henry Hub front-month futures, the U.S. benchmark. The outlook is the U.S. Energy Information Administration’s Short-Term Energy Outlook, updated monthly; storage is its Weekly Natural Gas Storage Report.

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 CBOT contract month now trading, with its last price, the day’s change and its open interest.

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.