Continued colder trends for the mid-March time frame lent some support to natural gas futures prices in early trading Wednesday. Holding onto gains from the previous session, the April Nymex contract was up 0.5 cents to $2.844/MMBtu at around 8:45 a.m. ET.

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As of early Wednesday, the latest weather data again showed colder trends over the previous 24 hours, with the pattern around mid-March now expected to generate near to slightly above normal demand, according to Bespoke Weather Services.

“We feel that models are likely pushing things a bit too far to the cool side around mid-month at this point, though we are fine with some variability mixing into what should average out as a warmer than normal state overall,” Bespoke said. The firm said it sees the “best chance of any...