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The DOE weekly report showed US on-highway diesel fell 2.2 cents to an average of $2.421 a gallon for the week ending Nov. 21.
Prices fell in all regions, with the Rocky Mountain region down 3.7 cents.
Declining diesel retail prices lower trucking and feed delivery costs, a mild bearish signal for logistics expenses faced by feed buyers.
overdriveonline.comMatt ColeNov 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.
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.
