Weekly Insights - July 12, 2018

Good afternoon. Sunday night and Monday morning saw some significant moisture in portions of our territory. Unfortunately, I have been told there was also some crop-damaging hail along with it. I have not heard any final damage estimates yet. Hopefully it was all minimal.

The energy markets have taken an interesting ride this week. Early week showed markets to the upside but Wednesday was a huge selloff and drop in the market. Even though inventory reports showed a 12mmb drop in crude inventory, the thought process on the selloff is the trade war between China and the US. The fact that Libya opened up 4 of its ports, dumping 800,000 bpd back into the market, caused the concerns about curde shortage to back off a bit.

Just a quick note to remind everyone to get your propane summer fill ordered. I would also recommend contracting at least a portion of your heating needs for winter. In talking to our agronomist in Britton (Jim Pearson) this morning, it seems we are ahead about 200 heating units as far as the growing season is concerned.

Drying season this year?? Probably too early to hazard a guess. Also, if you think you may need a pre-season on your grain dryer or any other LP needs the sooner you call the better. Jim and Dustin get booked up early and quickly.
Have a good week and thanks for your patronage.

Transport Price Ruby Fieldmaster 7500 gal minimum

Britton Area $2.3771**
Aberdeen/Groton Area $2.3530**
Doland Area $2.3771**
Forman/Gwinner Area $2.3763**

**Please call for exact pricing as prices are subject to change at anytime without notice.