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Inland shippers are preparing for IMO 2020, which takes effect January 1, 2020 and cuts the marine fuel sulfur cap from 3.5% to 0.5%. A fuel distributor expects most operators to switch to 0.5% distillate, and US refiners are expected to export more compliant diesel.
Expected export demand for 0.5% diesel could tighten domestic distillate supply that trucks and barges use. That points to higher diesel costs for inland freight of grain and feed.
waterwaysjournal.netFrank McCormackMay 17, 2019After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% 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.
