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US diesel stockpiles have fallen to the lowest seasonal level on record, according to Energy Information Administration data released Wednesday. The shortfall arrives just as heating and seasonal demand picks up.
Tight US distillate stocks heading into peak demand support higher diesel prices, which raise fuel surcharges and on-farm and freight costs for feed ingredients.
After 105 past bullish macro events, DIESEL moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.