Loading…
Forbes published a piece arguing that US diesel prices are set to soar. The available text gives few specifics on the drivers or the size of the expected rise.
Higher diesel costs raise freight and grain-handling expenses for feed supply chains, which can narrow feed mill margins and support delivered feed prices.
forbes.comRobert RapierAug 26, 2018After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
