Natural Gas Climbs 4% on Cooler Weather Outlook | October 13, 2026

🌽 Corn · Dec — 482¾ · −¼ · −0.05% 🔴⬇️

🫘 Beans · Nov — 1283¾ · −4 · −0.31% 🔴⬇️

🥣 Meal · Dec — 363.20 · −5.50 · −1.49% 🔴⬇️

🛢️ Oil · Dec — 68.02 · −0.61 · −0.89% 🔴⬇️

🌾 SRW · Dec — 669¼ · −3 · −0.45% 🔴⬇️

🌿 HRW · Dec — 712¼ · −3 · −0.42% 🔴⬇️

🌱 HRS · Dec — 694 · −2¼ · −0.32% 🔴⬇️

🥣 Oats · Dec — 415½ · +5¼ · +1.28% 🟢⬆️

🌻 Canola · Nov — C$813.30 · −3.40 · −0.42% 🔴⬇️

🐮 Barley · cash — ~C$293/t · unch (carried) · — ➖

🛢️ WTI · Nov — 94.14 · +0.40 · +0.43% 🟢⬆️

🔥 NatGas · Nov — 3.283 · +0.116 · +3.66% 🟢⬆️

🥇 Gold · Dec — 4,177.30 · −13.30 · −0.32% 🔴⬇️

🥈 Silver · Dec — 59.525 · −0.988 · −1.63% 🔴⬇️

Barely budged, consolidating near last week's post-WASDE level with no fresh headline to push it either way.

Harvest keeps rolling across the Corn Belt and export demand has stayed steady rather than exciting.

So what: a flat tape changes nothing about the marketing math on the bushels still in the bin.

Watch: Thursday's export sales number for whether demand is still absorbing the bigger WASDE crop.

A quiet giveback with no single headline behind it; harvest supply and the ever-present China-demand question stayed the backdrop rather than today's story.

Meal and oil both fell harder than the beans themselves, an unusual order for the complex.

So what: the cash price at the elevator still turns more on local basis than a quarter-percent dip in the futures.

Watch: any fresh China purchase announcement, still the single biggest lever for this market.

The biggest give-back in the soy complex today, pulling back after carrying the crush (the margin a processor earns turning beans into meal and oil) higher for much of last week.

Meal led the complex lower rather than cushioning it, a reversal of its usual role.

The crush spread narrowed as a result, giving back some of its recent widening.

So what: ration costs ease a touch for cattle and hog feeders after a stretch of pricier protein.

Watch: whether meal keeps giving back ground or steadies after today's pullback.

Slipped even as WTI crude firmed, breaking the usual tight leash between the two — biofuel economics didn't get the lift crude's gain would normally suggest.

Fell in step with meal rather than tracking its own energy-complex story today.

So what: renewable-diesel margins don't improve today despite crude's move, worth noting for anyone pricing biofuel feedstock.

Watch: whether oil reconnects with crude's direction once today's soy-complex-wide pullback passes.

Eased alongside the rest of the grain complex with no fresh Black Sea or weather headline to explain the move on its own.

Consolidating after last week's WASDE-driven slide, same as corn.

So what: not enough here to move the basis conversation at the elevator today.

Watch: Thursday's export sales number for a read on whether demand is absorbing the bigger global supply picture.

Tracked SRW lower, with Southern Plains moisture still the background watch item for winter wheat establishment.

The HRW–SRW spread (the price gap between Kansas City and Chicago wheat) held roughly steady as both boards fell together.

So what: protein premiums are unchanged for now, but the dryness story hasn't gone away.

Watch: any moisture showing up in the two-week Southern Plains forecast.

Thin volume again, drifting down with the rest of the wheat complex rather than trading on its own news.

The spring-wheat premium over Chicago held through the move.

So what: light liquidity means today's small dip carries less weight than the headline suggests.

Watch: Canadian Prairie spring wheat marketing pace as farmers work through the new crop.

The thinnest market on the board again posted an outsized move, this time higher, on barely 337 contracts traded.

Low liquidity means the swing is more noise than signal, same as last week's bigger drop.

So what: the Prairie-to-Chicago cash gap is worth a glance if this holds, but one thin session doesn't make a trend.

Watch: whether volume actually builds to confirm the bounce.

Back to a fresh print after Monday's Thanksgiving closure, easing in step with the broader grain complex and a slightly softer soy-oil tone.

The loonie held steady through the session, leaving futures to do the talking.

So what: elevator bids should track today's fresh settle now that the holiday gap is closed.

Watch: whether canola keeps pace with soy oil and crude or carves its own path the rest of the week.

No fresh delivered-feedlot-alley print this cycle; carrying forward the same cash range as recent weeks.

Feedlot demand has stayed steady, with barley still fighting corn imports and DDGs for space in the ration.

So what: no change to the feeding math this week.

Watch: for a fresh print once the cash market puts out a new weekly read.

Its best close since September 24, caught between a Houthi strike reported near Saudi Arabia's capital and hopes that a U.S.-brokered Russia diesel deal frees up more global supply.

Brent actually fell almost a percent on the same session — a split between the two benchmarks that says the risk premium is a Gulf-specific, WTI-side story right now.

So what: every session the Gulf risk holds is another one where the diesel bill doesn't get cheaper heading into fall fieldwork.

Watch: Wednesday's EIA weekly petroleum inventories report for the next read on how tight U.S. supply really is.

The day's biggest move on the board, as forecast models lean toward a cooler pattern for the back half of October and pull heating-demand expectations forward.

The usual tight link with crude held loosely today; gas outran WTI's own modest gain several times over.

Kept climbing in after-hours trading past today's settlement print, a sign the weather repricing isn't finished yet.

So what: an early turn toward colder is the first real test of nitrogen-fertilizer budgeting season, worth watching before it firms into a trend.

Watch: Thursday's EIA storage report for whether the build pace is actually slowing.

Slipped even as the dollar eased slightly too, a sign today's pullback leans more on profit-taking after last week's push past $4,200 than on any dollar story.

A quiet, mostly technical session with no fresh Fed headline to explain the move.

So what: a quieter day for anyone using gold as an inflation hedge, not a reason to rethink the position.

Watch: any Fed commentary ahead of the October 28 meeting that could shift rate-cut odds.

Gave back more than gold on a percentage basis, same as its usual bigger-swing character on both sides of a move.

The gold-silver ratio (how many ounces of silver it takes to buy one ounce of gold) widened as silver underperformed.

Industrial-demand jitters added to the drag rather than offsetting it today.

So what: silver's double exposure (safe-haven plus industrial) means a quiet gold day still costs it more than gold itself.

Watch: whether the ratio keeps widening or snaps back if gold leads the next bounce.

Biggest mover: Natural gas, up 3.66% to $3.283 as forecast models turned toward a cooler pattern for late October, pulling heating-demand expectations forward.

Cross-market driver: WTI's Hormuz/Houthi risk premium pulled it to a three-week high even as Brent fell on the same session, and even as soybean oil — which usually tracks crude — fell right alongside the rest of the soy complex instead.

Watch tomorrow: Wednesday's EIA weekly petroleum inventories report, the next read on U.S. crude supply against the Gulf risk premium.

Barchart End-of-Day Watchlist Report, October 13, 2026: primary settlement source for all 13 futures prints (corn, soybeans, soybean meal, soybean oil, SRW/HRW/HRS wheat, oats, canola, WTI crude, natural gas, gold and silver).

CME Group (CBOT/NYMEX/COMEX settlement data): cross-check on the grain, energy and metals closes.

Reuters: cross-check on WTI and Brent crude's settlement figures and the Houthi-Saudi and Russia-diesel storylines.

Trading Economics: cross-check on natural gas and gold price direction and levels.

Rayglen Commodities: basis for the carried Alberta feed barley delivered-feedlot-alley figure.