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The USDA Grain Transportation Report for August 11 showed U.S. diesel prices fell below $5 per gallon for the first time since March, though still far above last year. Shipping costs for soybeans remain sharply higher than a year earlier across truck, barge and ocean routes.
Elevated freight and fuel costs widen the basis and raise landed costs for feed ingredients, while easing diesel prices offer modest relief to shippers.
feedandgrain.comSteven KilgerAug 12, 2022After 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.
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.
