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U.S. and global diesel inventories are declining, and the ULSD forward curve has shifted in a way that signals tighter storage. The spread between first-month and 12-month prices opened the year in backwardation.
Falling diesel stocks and a flattening curve support prompt diesel prices, which feed through to trucking and freight costs for feed deliveries.
freightwaves.comJohn KingstonDec 17, 2020Not 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.
