Natural gas futures hovered close to unchanged in early trading Wednesday as updated forecasts continued to withhold definitive signs of the start of summer heat. After trading both sides of even in the early morning hours, the June Nymex contract was up 0.6 cents to $2.961/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

The weather outlook underwent a mix of changes overnight, according to Bespoke Weather Services. The firm removed 2.5 gas-weighted degree days from its projections for the next 15 days.

“Models are back to showing a little more warming after May 20, though not strong enough yet in the right places” to drive higher cooling degree days (CDD), Bespoke said. “Should this trend continue, we would see more CDD show up (not just absolute but versus normal) after day 15, but...