Transcript (en)

The futures market is the casino where all of the large institutions get to go to place bets on what they think is going to happen in the future. And it's a place where producers of goods get to hedge as well the prices at which they're going to sell their goods at in the future. It's really what it's for, for the producer, right? But the point being is that you can use the futures market as it's a place to place bets on what you think will happen down the line versus what's actually happening in the market right now. And you'll see a divergence between the futures market and the spot market of a good all the time. And when that happens, it's usually because there's an actual supply crunch or supply issue that's taking place. And so diesel is even another layer, another level of that because diesel is something that you need crude oil for, right? You get crude oil and then you create diesel, which is the thing that you actually need to move goods around the world. So when the diesel price is high, right, then you're talking about your, I don't care about what the futures market is talking about because I need the oil and then I need to refine that oil to turn it into diesel. Now, if you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.