Posted 1/8/2019 18:25 (#7230390 - in reply to #7230301) Subject: RE: ON FARM DIESEL $$
West Central MN
We got another transport load last week at 1.82ish for red. Our Tanks are full now.
Same supplier provides a “forward guidance sheet “ occasionally that is essentially kind of a modified futures chart with adjustments for seasonal demand(basis) long story short.
1.82ish prompt ship
2.-2.05 about Jan-August
2.05+ further out.
Essentially they see the market going up from here, deferred months will climb if the spot market goes up and vice versa. Their “guidance “ essentially is what they would be close to what we could contract a load for later in the year for.
We Probably should contract another load for fall use but Feb 1 is usually a seasonal low too....still undecided