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Canadian diesel prices across the Prairies are near $1 per litre, held down by lower crude and a softer Canadian dollar. Oil Price Information Service analyst Tom Kloza expects prices to trickle lower but sees the long-term bias as higher, with harvest-season diesel likely costing more than seeding season.
He also flagged US President Trump's proposed $1 trillion infrastructure plan as a possible source of diesel demand growth.
Diesel is a major input for grain hauling and feed delivery. A possible move higher in the second half of the year would raise harvest-time transport costs.
manitobacooperator.caDave Sims, GFM Network NewsMar 21, 2017Not 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.
