Pretty quiet day with next to zero change in NYMEX future prices, but the front month’s delta off the low hit 14 cents by mid-day. Overall prices are holding steady after yesterday’s sell-off. Dawn cash prices settled at the lowest price since the long weekend in mid-January 2026.

Like predicted, temperatures in Ontario and the L48 states have finally warmed back up to normal and are expected to hover there over the next couple weeks, but another cold period could be on the way starting February 20th, especially for the Canadian prairies. Canadian exports to the US are down as heating demand from the Northeastern US decreases.