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Diesel prices in Canada and the US rose marginally ahead of winter, with prices expected to climb further in January as the IMO marine fuel rule takes effect. GasBuddy analysts say Canadian refinery supply may struggle to meet the demand spike.
Expected diesel tightness from marine demand raises farm and freight fuel costs for feed mills and shipping, which can feed through to ocean freight and feed ingredient delivered prices.
scceu.orgNov 30, 2019After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
