US Cash Products-Group Three ULSD down on weak demand

NEW YORK, July 24 (Reuters) - Diesel in differentials the Midwest's Group Three market continued to slump as agricultural demand wanes and refiner production remains strong, traders said.

"The refining industry has gotten increasingly good at cranking out diesel fuel which is running 50 cents higher than gasoline," said one Midwest broker.

Strong agricultural demand during the Midwest's planting and harvest seasons typically boosts the fuel's value, but this year demand has been sluggish with wet weather dampening agricultural demand.

In refinery news, Sunoco was seen restarting a crude unit at its Eagle Point refinery in Westville, New Jersey after losing power Wednesday.[ID:nN24466418]

Valero announced planned maintenance of its heavy oil cracking unit at its Corpus Christi, Texas refinery in January of 2009.[ID:nN24506235]

U.S. crude oil futures relatively unchanged in choppy trading, with technical support balancing bearish natural gas data and the limited effects of Hurricane Dolly.[O/N] [O/R]

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

U.S. GULF COAST <0#P-USG>

Newly prompt cycle 43 M2 gasoline on the Colonial Pipeline held at 12.50 cents under the September RBOB screen.