HO made a spike low at .86 in '16. Currently 1.22 spot.
A good price so couldn't blame anybody for taking it- like selling $5 corn.
But for the moment it seems like it will require some settling of CV related economic concerns plus MBS and Putin making nice.
Could all happen quickly but I doubt it.
Longer term- delivering a knockdown (not a knockout) to the shale patch probably means higher prices down the road.
Re: fuel hedges
Really doubt that the price of fuel is high on the concern list for any farmer, either small or commercial sized, right now. If you are growing or sitting on any amount of corn and soybeans, the prices of which are tied pretty strongly to the price of fuel, cheap fuel is probably the last thing you hope for.