Fuels Take A Pre-harvest Pause

Posted on 08/13/2019 4:00 PM

farm diesel price chart

Farm Diesel --

  • Our regional average farm diesel price is unchanged this week.
  • Ten of twelve states are unchanged as Minnesota softened 3 cents and Iowa fell a penny per gallon.
  • According to EIA, national distillate stocks firmed 1.5 million barrels in the week ended August 2, now 16.923 million barrels above the same week last year.
  • This week's price action is very normal according to the year-ago price and to the five-year average. Upside risk is building as harvest nears, and we will be watching carefully for indications to finish booking harvest and winter supplies.

We are 50% filled on Farm Diesel for harvest and advise you be prepared to book remaining needs within the next few weeks.propane price chart

Propane --

  • Our regional average propane price is also unchanged this week.
  • As with diesel, ten of twelve states were unchanged on the week.
  • Minnesota gained 3 cents per gallon as Michigan dropped a penny.
  • According to EIA, national propane stocks firmed 2.852 million barrels in the week ended August 2. Stocks are now 16.923 million barrels above the same week last year.

Last week we advised growers book 70% of total grain drying, home heat, confinement needs and any other propane needs, and be ready to fill remaining needs very soon. Click here to read our advice.


Fuel
7/29/19
8/5/19
Week-over Change
Current Week
Fuel
Farm Diesel
$2.42
$2.42
Unchanged
$2.42
Farm Diesel
LP
$1.17
$1.15
Unchanged
$1.15
LP

 

 

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