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ULSD futures on the NYMEX fell 3.6% to settle at $2.06 a gallon, the lowest since August 2021. U.S. crude futures fell 4.3% to end at $65.75 a barrel, their lowest since December 2021.
Lower diesel and crude prices reduce input costs for freight and fertilizer, but they also weaken the energy complex that supports biofuel margins and feed-related pricing.
reuters.comShariq KhanSep 10, 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.
