Warmer overnight forecast trends and the prospect of a delayed return to service for a major U.S. export terminal weighed on natural gas futures in early trading Wednesday. The December Nymex contract was off 15.9 cents to $5.875/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Weather data trended warmer overnight, with both the American and European models dropping heating degree days on milder trends during the Nov. 24-29 time frame, according to NatGasWeather. 

“No changes to the timing of swings in national demand, with very strong national demand the next seven days,” the firm said. “…As a result of widespread subfreezing temperatures, the first wellhead freeze-offs of the season are in the process of dropping U.S. production by 2 Bcf/d.”

Models have struggled to determine how...