Moderating summer heat in the latest forecasts helped send natural gas futures a few cents lower in early trading Monday. As of 8:45 a.m. ET, the July Nymex contract was down 3.8 cents to $3.059/MMBtu.

NGI Morning Natural Gas Price & Markets Coverage

The temperature outlook trended slightly cooler over the weekend, according to Bespoke Weather Services, leading the firm to remove 2-3 gas-weighted degree days from its projections for the next 15 days versus expectations on Friday.

“We still have impressive heat this week, with widespread 90s for highs for in the Midwest and East, but a stronger trough diving into the eastern half of the nation next week leads to cooler weather, as best heat shifts back toward the Rockies and Plains,” Bespoke said. “This brings national demand a little below the five-year normal, briefly,...