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Diesel supplies are below the five-year average for the first time in many years, according to Phil Flynn of Price Futures Group, with Europe importing near-record U.S. distillate volumes. Flynn expects diesel prices could rise further into the holidays, especially if winter is cold, and advised farmers to hedge.
Tight global distillate supplies point to higher fuel costs for farm and feed transport, and the price risk is heightened if winter demand spikes.
grainews.caGFM Network NewsNov 28, 2017Not 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.
