Natural gas futures fell sharply in early trading Monday following bearish weekend forecast trends, extending losses from late last week. Coming off a 28.8-cent sell-off on Friday, the November Nymex contract was down another 45.6 cents to $5.997/MMBtu at around 8:40 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Models trended warmer over the weekend by dropping demand from the outlook for late this week through Oct. 30, showing widespread comfortable temperatures over eastern and southern portions of the Lower 48, according to NatGasWeather.

The warmer forecast trends left the late October period looking “solidly bearish” in terms of weather-driven demand, according to the firm. 

“However, there’s still an unseasonably chilly weather system to track across the Midwest and Northeast the next several...