As planters get rolling, fuel could cost a little more this week.
Fuel prices are rising across the board. Diesel has gained a cent since last week, holding around $3.55 per gallon nationwide. The cheapest state for diesel is Texas, where it is right around $3.10 per gallon.
Gasoline prices have risen for the second consecutive week, gaining nearly $0.03 over the last week, and it is currently $3.11 per gallon.
GasBuddy says the gains are because of refinery issues, which could continue, and send gas prices up another $0.10-$0.35 over the next few months.
Related Stories
Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
Market analyst Kevin Huddleston said news of trade deals could rebound cotton prices in late fall, and producers need to be ready to strike deals.
