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Record-high diesel prices are adding pressure to agriculture and trucking, with refinery shutdowns, lower fuel reserves and geopolitical conflict tightening supply. An industry representative says prices may stay elevated for a year to a year and a half.
Prolonged elevated diesel costs keep freight and on-farm energy expenses high for feed buyers, supporting delivered feed prices.
ocj.comAllison KinneyNov 12, 2026After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
