Another big sell-off in the NYMEX to start the week. The May front month contract fell 21 cents to settle at $3.03 US/mm.

Temperatures over the weekend were in-line with the forecast, no surprises there. The rest of April is set to be either at or above the 10 year average, and the forecast is inching warmer, especially the lows at night. In fact, the end of April is modeled to briefly switch from heating degree days to cooling degree days in the lower 48.

As expected with the warmer weather, there were some decent injections into Dawn over the weekend, and more will surely come. Production in both Canada and the lower 48 ramped up over the weekend, and are currently at their multi-year highs. In the lower 48, producers hit a new all-time-high of >105.2 Bcf/d of output.

Although it’s early, the forecast for this week’s storage report is for an injection of +52 Bcf. So it really begins!