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US crude futures slid 2.7% on Monday to near $74 a barrel, the lowest since December 2021. Brent fell 2.9% to near $81, its lowest since January.
Lower crude and fuel prices reduce diesel and freight costs for feed ingredient logistics, but weaker energy can also soften biofuel-linked demand for soyoil and corn-based ethanol byproducts.
cnn.comAnna CoobanNov 28, 2022Not enough comparable past events yet for a historical read.
Not 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.
