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Reuters cites analysts who expect global diesel and marine fuel prices to rise by October ahead of the January 2020 switch to low-sulfur marine fuels, staying higher for at least a year. The IHS base forecast puts US Gulf Coast ULSD above $2.12 a gallon in the second half of 2019, versus $1.778 on the day.
Higher diesel and bunker costs raise freight and processing costs for feed ingredients and can pressure ocean freight rates.
reuters.comErwin SebaJun 10, 2019After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
