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The DOE/EIA average weekly retail diesel price fell 3 cents to $3.491 a gallon, its lowest since October 2021. Futures showed no clear direction ahead of Donald Trump's return to the White House.
Lower diesel costs reduce trucking and fuel-surcharge expenses for feed delivery, and weaker energy prices lower the cost of ethanol and biodiesel inputs, a modest bearish pressure on the energy-linked feed chain.
freightwaves.comJohn KingstonNov 18, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
