Across the globe, geopolitical events are hitting U.S. farmers where it hurts: fuel.
Tension between Israel and Iran has the oil markets spooked. Energy analysts were predicting a slow summer for fuel prices, but those estimates are gone.
The national average for a gallon of diesel has gone up $0.04 over the last week, holding around $3.48, but increases are not likely to stop there. GasBuddy’s Patrick DeHaan says diesel could climb $0.15-$0.25 per gallon in the coming days.
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Council leaders see new opportunities to create international demand for U.S. agriculture.
The company is developing technology to help farmers catch storage problems earlier.
With harvest approaching, soybean producers will continue watching both crop conditions and biofuel policy as they assess the outlook for markets and farm revenue.
California E15 adoption could significantly increase ethanol demand, primarily benefiting corn while also creating secondary opportunities for sorghum growers.
