Another quiet day to kick off the week without much to update, besides on the weather front. NOAA’s near-term temperature forecasts are expecting warmth on the way for the most of the USA, but still a small likelihood of below-Normal temperatures in early March along the eastern Canadian border. Meanwhile, the Euro Ens model revised sharply colder for all Canadian provinces in the 6-10 day period, with Ontario seeing the largest shift.

Residential and commercial demand is expected to remain elevated until mid-March given the current forecasts, but Dawn remains well supplied with gas imported from the US. Canadian production scaled back some after the extreme cold in Alberta leaving NGTL flows highly reliant on storage, but is recovering slowly and has not significantly impacted Dawn.

NYMEX futures were trading up and down today, but the March 2026 front month contract ultimately settled down a few cents to $2.99 US/mm as the contract approaches expiration.