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US Midwest ULSD prices fell to their lowest October levels since 2016 as diesel demand dropped. Wet spring weather delayed planting and now delays the fall harvest by about a month, and average distillate supply over four weeks was down 7%.
Harvest delays and softer farm diesel demand are pushing regional fuel prices lower in the near term. Lower fuel costs help feed transport, although a late harvest could shift demand later.
grainews.caGFM Network NewsOct 10, 2019After 50 past weather events, ULSD / Diesel moved a median +0.4% over 5 sessions (54% higher; middle half -4.8% to +5.7%), and +8.8% over 20.
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.
