◂ Event Timeline

Sep 19, 2018REPORTUS

U.S. Midwest distillate stocks reach record high ahead of harvest

US distillate stocks, including diesel and jet fuel, have reached record highs ahead of the harvest. Cash ULSD prices in Midwest Group Three are the lowest for this season since 2015.

WHY IT MATTERS

Ample Midwest diesel supply and low seasonal cash prices should ease harvest fuel and hauling costs for feed buyers.

AFFECTSULSD / Diesel▼

SOURCE
reuters.comStephanie KellySep 19, 2018

Price reaction & history

ULSD / Diesel▼bearishSO FAR1d +0.4%5d +3.1%20d +4.7%

After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.

Jan 10, 2024US oil stockpiles rise more than forecast, distillates build to Sept 2021 high -EIA | Reuters+0.0%
Jan 9, 2019Europe Distillates-Diesel cracks inch up slightly By Reuters+2.5%
Aug 5, 2020US DATA: EIA says Gulf Coast diesel stocks build to record high-2.0%
Mar 31, 2023U.S. diesel stocks bounce in sign of economic slowdown – Financial Newsletter+2.0%
Feb 26, 2025US crude stockpiles fall as refining picks up, fuel inventories build, EIA says | Reuters-4.0%

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.

ULSD / Diesel DIESEL · GP ▸

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