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Brazil's spot diesel market weakened on October 28 as ample supply and falling international prices led sellers to accept steeper discounts. Cargoes at Paranaguá and Santos were offered at discounts to Petrobras reference prices.
Lower Brazilian diesel prices reduce transport and farm input costs for feed production there, but the impact on grain and feed prices is limited.
spglobal.comOct 28, 2024Not 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.
