Fuel

Propane prices held steady on the week, but farm diesel has exhausted our appetite for harvest price risk.

Phil Flynn from the Price Futures group joins Chip Flory and Davis Michaelsen on AgriTalk Radio. In this excerpt, Flynn talks supply-side risk in distillates.

This week's price action strongly suggests the bottom is in place for farm diesel.

Farm diesel continued lower, and our spread analysis suggests the floor might be in. But national stocks surged last week, perhaps limiting the upside for ruby red.

Even as crude oil works to recover, farm diesel prices are lower on the week.

Farm fuels prices dove sharply lower on the week, and national distillate stocks have forged an unprecedented, aggressive recovery.

Many farmers had wondered when diesel would reflect the decline in crude and heating oil futures. This is that week.

Farm diesel fell sharply this week, but crude oil producers are looking to support the market.

Gasoline and diesel prices are reacting very differently to the current downturn in crude oil amid the coronavirus outbreak.

As crude oil and heating oil futures sink, downside potential surges for farm diesel.