US Cash Products — Chicago diesel plunges as soft harvest season demand

NEW YORK, October 16 (Reuters) — Cash differentials for diesel fell for the second consecutive day in the Chicago spot market on Friday as peak harvest demand failed to materialize, traders said. Chicago CBOB gasoline gained 5 cents, trading 7 cents per gallon above the gasoline futures benchmark on the New York Mercantile Exchange, market participants said.​ Chicago ultra-low sulfur diesel fell 23 cents, trading 35 cents per gallon below the ultra-low sulfur diesel futures contract on the NYMEX. US Gulf Coast M3 conventional gasoline fell 3 cents, trading 7 cents higher than the benchmark. Elsewhere in the Midwest, Group 3 V-grade gasoline fell 3.5 cents, trading 16.5 cents higher than the benchmark. Group 3 diesel fell 1.5 cents, trading 18.5 cents higher than the benchmark. A3 CBOB gasoline fell 6.25 cents, trading 4.75 cents per gallon below futures, traders said. Gulf Coast 62-grade ULSD was little changed, trading 3.5 cents per gallon above diesel futures. In New York Harbor, M3 conventional gasoline gained 0.75 cent, trading 26.5 cents per gallon below futures. Diesel for delivery in New York Harbor gained 7.5 cents, trading 20.5 cents per gallon above futures. The RBOB futu