# The Commodities Feed: Corn moves higher | ING THINK

> ICE Brent traded near US$65/bbl, supported by positive sentiment around the US-China phase one trade deal. Brent's prompt time spread stayed deep in backwardation, and European gasoil cracks rose above US$16/bbl on French refinery outages and strikes.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12107-the-commodities-feed-corn-moves-higher-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expected 1H20 surplus and weak refinery margins point to downward pressure on crude, while French supply disruptions tighten diesel and gasoil markets. Energy price moves feed into biofuel and feed-transport costs.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-corn-moves-higher/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.