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The DOE/EIA weekly retail diesel price fell 2.5 cents to $3.649 a gallon, its fourth consecutive weekly decline. Retail prices are catching up to earlier wholesale drops, while ULSD futures have traded in a range of roughly $2.22 to $2.26 a gallon.
Easing diesel prices lower the cost of moving feed ingredients and finished feed, which modestly reduces delivered feed costs.
freightwaves.comJohn KingstonDec 13, 2021After 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.
