Running harvesters has been more expensive lately, with diesel prices up due to uncertainty in the Middle East. However, those oil markets took a dive overnight after a ceasefire was announced by the White House and confirmed by Iranian state TV.
Details of that agreement are limited, but West Texas intermediate crude oil fell as much as eight percent overnight, landing at its lowest level in a week. President Trump announced a ceasefire yesterday evening after an attack on a U.S. base in Qatar. Analysts say that the attack was largely symbolic and did not do much damage, leading to the sell off.
The price for a gallon of diesel is up $0.16 over the last week. GasBuddy shows it is holding around $3.64 per gallon. Diesel prices have a wide range across the U.S. right now, with the most expensive at $4.55 per gallon, down to $3.08 a gallon.
Biofuel policy decisions may influence planting economics. Today, March 18, is also National Biodiesel Day.
March 18, 2026 05:14 PM
·
Geopolitical tensions in the Strait of Hormuz disrupt fertilizer shipments, raising costs and creating uncertainty for U.S. farmers ahead of planting season.
March 18, 2026 03:21 PM
·
President Trump issues a 60-day Jones Act waiver to ease fuel shipments amid Middle East tensions disrupting energy markets, while biofuel policy gains focus.
March 18, 2026 11:38 AM
·
Lewis Williamson with HTS Commodities discusses how tensions in the Middle East are impacting producer’s spring planting decisions.
March 17, 2026 02:13 PM
·
Mike Steenhoek with the Soy Transportation Coalition discusses supply chain disruptions, rising costs, and the potential impact on agriculture as farmers navigate ongoing global uncertainty.
March 17, 2026 12:53 PM
·
Strong exports support ethanol margins and corn demand.
March 17, 2026 08:00 AM
·
