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FTR's Trucking Conditions Index improved to -6.1 in December from -7.94 in November, driven solely by a sharp drop in diesel prices. Freight rates weakened and the outlook remains negative through 2023.
Lower diesel costs help trucking margins, but weakening freight rates and capacity conditions are a report-level signal that does not directly move feed commodity prices.
ccjdigital.comCCJ StaffFeb 16, 2023After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% 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.
