BulkLoads reports median US bulk freight rates eased 4.2% in June to $4.99 per mile, though still 20.8% above June 2025. Grain rates rose about 9% on the month.
Diesel fell roughly 50 cents after a preliminary Iran ceasefire framework, though implementation remains unresolved.
Lower diesel reduces trucking costs for feed ingredients moving domestically, while firm grain-hauling rates keep transport a cost burden for buyers. The fuel tailwind is fragile and tied to the ceasefire outcome.
After 18 past bearish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (56% higher; middle half -1.5% to +3.3%), and -0.2% 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.