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The 10-year Treasury yield rose to a seven-year high of 3.225% in early October, helped by Fed growth estimates and a strong jobs report. Spot New York ULSD futures reached their highest level in nearly four years, driven by falling crude supply, Venezuela, Libya and upcoming US sanctions on Iranian oil.
Rising yields are a bearish influence on commodity prices in general, while higher diesel prices raise the cost of feed transport and farm operations.
dtnpf.comTodd HultmanOct 8, 2018Not enough comparable past events yet for a historical read.
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.
