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Hobbyfarmer
Honored Advisor

What is the red fuel market doing?

I called just before noon today and was told $2.66 near by cash for farm diesel.

 

That is finally a 40¢ + drop in the last weekish. Heating oil futures are in the $2.10 range. 

 

There is room in the basis for another at least quarter dollar drop.

 

Gasoline hit $1.99 in Oklahoma city this week.

 

Is farm fuel cheaper down that way too?

 

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6 Replies
rawhide
Advisor

Re: What is the red fuel market doing?

This is a super-secret plan to hurt the Russians in the pocketbook.Party like it's 1999 !

nwobcw
Advisor

Re: What is the red fuel market doing?

road diesel is 369 here what is it there
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rawhide
Advisor

Re: What is the red fuel market doing?

$2.99 in Alabama friday

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Hobbyfarmer
Honored Advisor

Re: What is the red fuel market doing?

$3.40  to $3.60 yesterday

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wcmifarmer
Contributor

Re: What is the red fuel market doing?

$3.49 for on road here in W MI
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Jed Stivers
Senior Contributor

Re: What is the red fuel market doing?

Well I did as bad a job marketing fuel as I did grain this year. I booked almost enough for next year, ( 5 transports) for 2.70. It was 2.72 delivered at the time, I bought a load the same time. We didn't have to pay anything on the booking, pay spring and summer.
Yesterday it was 2.39, I dont know if that's spot price or booking. I'm going to see what it will cost to by my booking out but I bet it's to high.
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