# Climate Change Speeds Up U.S. Harvest, Giving Oil Unlikely Lift | Financial Post

> Hot, dry weather is speeding US crop maturity, with about 41% of the corn crop denting against a normal 38%. Farmers are expected to start harvest several weeks early, which is raising demand for diesel. Diesel values rose more than 12% since August 20 in Chicago and Tulsa cash trades.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/45749-climate-change-speeds-up-u-s-harvest-giving-oil-unlikely-lift-financial-post
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

An earlier harvest brings forward farm diesel demand and adds a modest lift to fuel prices. The effect on grain supply is secondary to the drought-driven crop stress already in the market.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-02-28 | [Soybean harvest in full swing in Mato Grosso](https://feedsoft.ai/events/72333-soybean-harvest-in-full-swing-in-mato-grosso.md) | -2.7% | -8.6% |
| DIESEL | 2022-12-23 | [Storm cuts U.S. oil, gas, power output, sending prices higher](https://feedsoft.ai/events/38414-storm-cuts-u-s-oil-gas-power-output-sending-prices-higher.md) | +6.4% | +10.3% |
| DIESEL | 2017-08-29 | [European oil product margins spike in Harvey's wake](https://feedsoft.ai/events/8396-european-oil-product-margins-spike-in-harvey-s-wake.md) | +7.6% | +12.8% |
| DIESEL | 2021-08-30 | [Ida update: oil markets open higher; ALAN gives guidance - FreightWaves](https://feedsoft.ai/events/45745-ida-update-oil-markets-open-higher-alan-gives-guidance-freightwaves.md) | +2.4% | +8.9% |
| DIESEL | 2021-02-15 | [Higher diesel prices likely as freeze shuts down Gulf Coast refineries - FreightWaves](https://feedsoft.ai/events/48826-higher-diesel-prices-likely-as-freeze-shuts-down-gulf-coast-refineries.md) | +4.9% | +9.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/climate-change-speeds-up-u-s-harvest-giving-oil-unlikely-lift

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