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European diesel values are under pressure as bumper imports arrive and storage tanks become overfull. The imports are weighing on product prices in the region.
Cheaper European diesel lowers fuel costs for farm and freight operations, which can ease feed transport expenses. The effect on grain and feed prices is limited.
energyintel.comJun 5, 2019After 28 past bearish trade events, ULSD / Diesel moved a median -0.1% over 5 sessions (50% higher; middle half -5.0% to +1.7%), and +0.9% over 20.
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.
