Weekly Farm Fuels Bulletin | Fuels Advice Updated

Posted on 02/20/2018 3:41 PM

 

Farm Dieseldiesel

  • Farm diesel was unchanged this week with a series of gains and declines between states offsetting each other.
  • WTI crude and heating oil futures reversed course around the middle of last week and have trended higher since.
  • Our farm diesel/heating oil spread is at 47 with our line in the sand at 40. This indicates pending upside price movements in farm diesel.
  • Given the price action in crude and heating oil in recent days, our appetite for risk on 100% of our spring farm diesel is exhausted. Click here to view our advice from February 20.

 

Propanepropane

  • Propane prices rebounded and added 4 cents per gallon this week.
  • Indiana propane prices led our regional average higher as most states were unchanged.
  • According to EIA, propane supplies dropped below the midpoint of the five-year average range in recent weeks, supporting retail prices in the Midwest.

Fuel
2/5/18
2/12/18
Week-over Change
Current Week
Fuel
Farm Diesel
$2.42
$2.38
Unchanged
$2.38
Farm Diesel
LP
$1.41
$1.40
+4 cents
$1.44
LP

diesel heating oil spread


 

 

Add new comment