US Cash Products-Group Three diesel gains on ag demand

NEW YORK, July 2 (Reuters) - The Midwest's Group Three ultra-low sulfur diesel differentials continued to move up on Thursday pushed up by agricultural demand, dealers said.

Rising demand for the grade is likely due to winter wheat harvest in the region, one Midwest broker said.

In other markets east of the Rockies, gasolines inched up in the U.S. Gulf Coast and the Harbor, trading against a weaker RBOB benchmark.

In refinery news, Valero Energy Corporation (VLO.N) said it would begin maintenance at its sulfur recovery unit at its Corpus Christi, Texas refinery. [ID:nSP260039 ]

Crude oil futures slipped along with refined product futures on the NYMEX, after news that jobless rates in the U.S. rose.[O/N]

For a complete list of refinery outages, click [REF/US]

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Scheduling cycle 38 61-grade ultra-low sulfur diesel was pegged at flat over the screen with a roll to cycle 39 done at 0.75 cents over.

Prompt conventional cycle 39 M2 gasoline inched up a notch to trade at 7.75 cents under the August RBOB screen while the regrade for summer grade M1 bids moved half a cent to 4.00 cents over M2 with offers stagnant at 4.25 cents over M2.

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Gasoline differentials in the New York Harbor moved up with prompt barrels 1.50 cent higher at 2.50 cents under the August screen with July rates at 6.00 cents under.

Dead prompt RBOB was pegged at 1.10 cent over the August RBOB screen with next week barrels at 60 points over and rates at 35 points. pegged at 25-point premium to the screen.

Premium V grade was seen at 12.00 cents over.

Ultra-low sulfur diesel was flat at 2.00 cents over the August heating oil screen.

Jet fuel gained half a cent to trade at 4.50 cents over the August screen.

Heating oil was flat at 6.00 cents under the August screen.