Hot, dry weather is speeding US crop maturity, with about 41% of the corn crop denting against a normal 38%. Farmers are expected to start harvest several weeks early, which is raising demand for diesel.
Diesel values rose more than 12% since August 20 in Chicago and Tulsa cash trades.
An earlier harvest brings forward farm diesel demand and adds a modest lift to fuel prices. The effect on grain supply is secondary to the drought-driven crop stress already in the market.
Setelah 39 peristiwa cuaca bullish sebelumnya, ULSD / Solar bergerak median +2,4% selama 5 sesi (59% lebih tinggi; separuh tengah -4,5% sampai +6,1%), dan +8,9% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.