Amid continued signs of recovery in natural gas production following last week’s intense cold in Texas and the Midcontinent, futures were trading several cents lower early Tuesday. The March Nymex contract was down 5.6 cents to $2.897/MMBtu at around 8:50 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The overnight weather data offered up a mixed bag of changes to the outlook, according to NatGasWeather. The American model added heating demand on colder trends for early March, while the European model trended warmer for the first few days of March but colder for March 5-8 to lower its heating demand expectations day/day.

Overall, both models “just aren’t quite cold enough the next 15 days, even with bouts of stronger demand late this week and again around March 2-3,” NatGasWeather said, noting that “mild...