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Commodity diesel on the CME fell 12.19 cents to $1.7842 a gallon on Thursday, a 6.4% drop that was smaller than the declines in Brent and WTI. The move was the largest one-day fall since July 2015 once pandemic-era crashes are excluded.
It also put the 19-week run of rising weekly DOE/EIA retail diesel prices at risk of ending.
A sharp drop in wholesale diesel lowers fuel and freight costs for feed mills and livestock operations, and it signals softer crude prices that can weigh on energy-linked feed inputs.
freightwaves.comJohn KingstonMar 19, 2021Not 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.
