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Jeff_a_Caldwell
Posts: 999
Registered: ‎04-29-2010
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Diesel surging -- have you got supply contracted already?

[ Edited ]

Saw a report earlier that shows diesel prices have, somewhat quietly, risen pretty consistently over the last few weeks to the point where, as of Monday, prices are almost a buck higher per gallon than they were a year ago, according to the federal government. Prices dipped just slightly over the last week (we're talking 100ths of cents), but for the Fed's Midwest region, they're showing the average price is $3.85/gallon, and that's 93 cents higher than a year ago. Looks like we could be headed for a record price -- the highest since Hurricane Katrina caused fuel to spike a few years ago. 

 

Has everybody got their diesel contracted already for this spring? Are grain prices right now enough to buffer the blow of these kinds of diesel prices heading into spring? 

 

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Jeff Caldwell
Agriculture.com Multimedia Editor
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