CPC/NOAA Seasonal Outlook – Summer (June, July, Aug)

Oct 23-29:   Cold air continues across the Rockies and Plains with chilly lows of -0s to 30s. Much of the West and East Coasts will be comfortable with highs of 60s to 80s besides locally hotter 90s over the Southwest. Cold air over the Rockies & Plains will push into N. Texas today and spread across the Midwest/Great Lakes and east-central US this weekend into next week w/lows of 10s and 30s for a swing to stronger national demand. The East will remain mild to warm until late next week when cooler air will finally arrive to drop highs into the 40-50s. Overall, national demand will be increasing to HIGH.

 
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October 15:  Today’s EIA weekly nat gas storage report printed a build of +49 Bcf, slightly smaller than market expectations of +50-52 Bcf and a bit smaller than the 5-year average of +875Bcf.  We were close with our +47 Bcf call.  This increased supplies to 3,926 Bcf and improved surpluses to +327 Bcf.  Next week’s build should be a little smaller than this week’s by around 10 Bcf.