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The EIA reported the US average retail diesel price fell 2.7 cents to $2.443 a gallon in the Nov. 14 survey, with prices lower in all regions.
Crude futures were around $45 a barrel after sliding since the presidential election.
Lower retail diesel and crude prices reduce fuel surcharges and trucking costs for feed transport, a mildly bearish cost signal for feed logistics.
ttnews.comRoger GilroyNov 21, 2016After 86 past bearish report events, ULSD / Diesel moved a median -0.9% over 5 sessions (37% higher; middle half -4.3% to +0.9%), and +0.4% over 20.
After 171 past bearish report events, Crude Oil (WTI) moved a median -1.5% over 5 sessions (37% higher; middle half -4.8% to +1.9%), and -0.9% 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.
