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The US average retail diesel price rose 3.8 cents to $3.277 a gallon in the week reported by the EIA, the ninth straight weekly gain. Diesel is 73.8 cents higher than a year earlier, with California the most expensive region.
Higher diesel raises trucking and farm-freight costs, which can widen basis and transport spreads for feed ingredients. Rising crude and diesel also support energy-linked feed input costs and biofuel margins.
ttnews.comBurney SimpsonMay 21, 2018Not 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.
