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The US national diesel average fell 1.4 cents to $3.380 a gallon, ending a nine-week run of increases that had added 18.7 cents since August 20. The average remains 58.3 cents above a year earlier, and WTI traded at $70.79 a barrel on NYMEX, down from the prior week's average of $71.78.
Easing diesel and crude prices reduce fuel and transport costs for feed deliveries, though the annual increase keeps trucking expenses elevated.
stage.logisticsmgmt.comLM StaffOct 24, 2018After 171 past bearish report events, WTI moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% over 20.
After 86 past bearish report events, DIESEL moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% 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.
