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The EIA reported average US diesel rose 3.4 cents to a 2016 high of $2.527 per gallon for the week of December 19, the fourth straight weekly gain. Diesel is up 24.3 cents year over year while WTI was trading near $51.93.
Rising diesel lifts freight and fuel surcharges paid by feed companies and farmers, supporting delivered feed costs.
After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% 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.