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The EIA reported the average US diesel price rose 4.6 cents to $2.586 per gallon, extending gains for six weeks. WTI was trading at $52.49 per barrel, with crude prices supported by expectations that output cuts would hold.
Continued diesel gains raise freight and fuel surcharge costs for feed and grain shipments, a mild bullish signal for transport-linked feed costs.
stage.logisticsmgmt.comLM StaffJan 4, 2017Not 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.
