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The EIA national average diesel price fell 16.4 cents to $4.668 a gallon for the week of June 29, the eighth consecutive weekly decline. The prior week's drop was 22.7 cents, ending a 14-week run above $5.00.
Lower diesel prices reduce fuel surcharges and trucking costs for feed ingredients, though the decline is chasing wholesale moves.
After 86 past bearish report events, ULSD / 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.