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Diesel prices in Northwest Europe have risen, with the cargo price reaching $570.63 per metric ton. U.S. Midwest cash diesel differentials have slipped below the five-year seasonal average, prompting U.S. distillate producers to consider exporting to Europe.
A 16-day Houston-to-Europe freight cost was about 6 cents per gallon.
Export pull on U.S. distillate can tighten domestic supply and support Midwest diesel prices, which affects transport costs for feed mills and grain movement.
investors.comInvestor's Business DailyAug 21, 2019Not 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.
