Warmer-trending forecasts over the weekend, which showed near-term cold moderating by the second week of February, sent natural gas futures tumbling in early trading Monday.

NGI Morning Natural Gas Price & Markets Coverage

The March Nymex contract was down 14.3 cents to $2.706/MMBtu at around 8:45 a.m. ET.

Weather models over the weekend shifted warmer for days seven through 15 of the outlook period, according to NatGasWeather.

The current week is still on track to deliver “strong to very strong” natural gas demand nationally as “frigid air sweeps across the interior U.S.,” the firm said. However, models continued to show demand easing by early next week “as subfreezing temperatures shift over the western U.S., while the eastern half of the U.S. warms into the comfortable upper 40s to 70s.”

The lack of...