Loading…
The Michigan Farm Bureau tracker reports the national average diesel price hit $6 around September 21, with Michigan highway diesel at $6.71 and off-road dyed diesel at $5.95 per gallon. Off-road diesel has risen nearly 96% over six months.
Sustained high diesel prices raise on-farm fieldwork and grain hauling costs, adding to the cost pressure facing feed buyers and producers.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
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.