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Diesel futures recovered all of Monday's losses after an inventory report and US economic data showed firm demand. Distillate demand rose over 5% year over year and exports were up 18%.
Stronger distillate demand and exports support diesel prices, which raises fuel and freight costs for feed buyers. The commentary expects prices to hold in a narrow range.
burkeoil.comMark PszenicznyOct 31, 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.
