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Europe has become a key diesel supplier to Latin America and the U.S. East Coast, draining its stocks below the five-year average for the first time in years. This has pushed benchmark diesel prices to a multi-year high.
Tight distillate supplies raise diesel costs for freight and farm operations, feeding into higher transport and input costs for feed buyers.
reuters.comOct 24, 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.
