# Market Talk | Diesel Inventories Below 5 Year Seasonal Range Indicating Backwardation Moving Into Summer

> Diesel time spreads strengthened, with the expiring May ULSD contract at its highest premium to forward values in 14 months. Inventories sit below the five-year seasonal range, and the EPA issued a nationwide E15 summer waiver.

- Date: 2025-04-29 · published 2025-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/25304-market-talk-diesel-inventories-below-5-year-seasonal-range-indicating
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight diesel inventories and steep backwardation support diesel prices into summer, raising freight costs for feed. The E15 waiver adds corn-based ethanol demand.

## Read by commodity

- CORN: bullish ▲
- DIESEL: bullish ▲

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/diesel-inventories-below-5-year-seasonal-range-indicating-backwardation-moving-into-summer

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