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The DOE/EIA weekly retail diesel price fell 5.9 cents to $3.789 a gallon, the sixth straight weekly decline and the lowest since July 2023. Physical diesel prices in several markets are falling faster than CME ULSD futures.
Falling retail and physical diesel prices lower surcharge and transport costs for feed ingredients, while the weakness in physical markets signals continued softness ahead.
freightwaves.comJohn KingstonMay 20, 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.
