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
Tennessee corn and soy farmer Josh Ogle joins us to discuss rapid planting progress in the state, improving moisture conditions, and early crop development challenges in the MidSouth region.
Beef is leading the decline as slaughter drops and supplies tighten.
Chad Fiechter joins us to discuss Purdue’s precision ag study, challenges in capturing value from technology, and what farmers should consider when investing in and adopting these tools.
The trip is giving them a firsthand look at farming beyond the U.S.
Ethanol demand held together last week, but lower production and thinner stocks put more focus on export strength. Production capacity is also strengthening over time and benefiting soybean farmers.
Expanded export financing could provide greater support for ag sales abroad if buyers and lenders use the additional tools.