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Freight Futures data to watch today: South Region Forward Curves
For the fourth straight trading session, the Trucking Freight Futures markets posted generally modest gains. The spot National contract (FUT.VNU201912), which finally broke the $1.50/mile resistance point on Tuesday, again settled higher to $1.503/mile, up 0.13% for the day. The East regional contract (FUT.VEU201912) strengthened fractionally to $1.541 and the South regional contract (FUT.VSU201912) closed up 0.4% to $1.319. The West regional contract (FUT.VWU201912) was unchanged and closed at $1.649.
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The individual lane contracts also showed a bit of strength with 5 contracts settling higher, 1 closing unchanged and 1 ending fractionally lower. Both contracts in the South finished the day in positive territory with the DAL to LAX contract (FUT.VDL2901912) leading the charge by closing 0.8% higher to $1.018. The LAX to DAL contract (FUT.VLD201912) inched higher to by 0.12% to $1.620.
Seasonality was cited for the relative strength in the South. In the East, both the PHI to CHI (FUT.VPC201912) and CHI to ATL (FUT.VCA201912) contracts finished slightly higher to $0.976 and $1.945, respectively. The ATL to PHI contract (FUT.VAP201912) settled flat on the day at $1.701. In the West, a fractional rise in the SEA to LAX contract (FUT.VSL201912) to $1.236 was offset by a similar drop in the LAX to SEA contract (FUT.VLS201912) to $2.062.
SONAR Tickers: FWD.VSU, FWD.VLD, FWD.VDL
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.