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Oil company earnings rose sharply, and gasoline costs about $1.20 per gallon more than a year earlier according to AAA. Diesel hit a record high in September and remains close to that level.
Elevated diesel and fuel costs raise freight and farm operating costs, which supports prices for transport-linked feed inputs.
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.