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Agriculture | Oil

Wet weather delays fieldwork, drops US Midwest diesel prices

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Listen: Wet weather delays fieldwork, drops US Midwest diesel prices

Severe weather this year in the US Midwest has kept farmers from planting crops, cutting regional diesel demand.

Even with prices at multimonth lows, the market is unlikely to quickly reverse course due not only to high stocks of diesel and jet fuel, but because farmers will be unable to plant as much or as quickly.

Joshua Brown, manager of US distillates for S&P Global, and Margaret Rogers, pricing analyst, US diesel, look at the forces shaping the market.

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