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WTI crude rose about $1.25 on January 8 and was trading near $51.20, with gasoline and diesel also climbing. Traders cited optimism over US-China trade talks, which were extended a third day, and an EIA report showing a large diesel inventory build.
Higher crude and diesel raise input and freight costs for feed producers and ingredient transport. Trade-talk optimism could support export demand for US farm goods if talks lead to purchase commitments.
mansfield.energyAlan ApthorpJan 9, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
