Weekly Insights - August 17, 2018

A slight cool down this week made the weather a little more bearable. It should be a welcome feeling to football players across the country. The first game of the season is this Friday and school starts next week. I need to put a plug in for my home team who can hopefully follow up their championship season from last year with another.  GO BRAVES!!!

The energy markets were fairly flat to start week but made a $0.03 dip on Wednesday with little action on Thursday. Diesel is about $0.02 cheaper than a month ago but still $0.20 higher than early spring. I hear a few customers comment that as soon as FM gets to $2.20 they will buy. This spring it was $2.00.  $2.00 never happened and $2.20 has come and gone. My recommendation today is the $2.35-$2.43 range. If you can get your fuel purchased in that range, I would encourage you to do so. In visiting with a customer this morning, I mentioned that there had been four times that the market took a serious dip in about the last six weeks. He wanted to know why we didn’t take advantage of it. Unfortunately, for all involved, it is a one day thing. Within three days, the market was back up. The logistics are not there to do so.

Every day that goes by is one closer to harvest. In some areas, there is a fantastic crop waiting. In others, silage cutters may be going as soon as next week. If you are in need of fuel for harvest, now is the time. The threat of a fuel shortage still looms on the horizon. It’s still too early to really hazard a guess on dryer season. The only way to know for sure is when the first combine pokes its nose in the field. If you have any LP needs prior to harvest, please call myself or Jim Lefor at 605-209-0023 to get on the list. My gut tells me there may be an early harvest this year.
 
Have a good week and thanks for your patronage.


Brian Beck

Transport Price Ruby Fieldmaster
7500 gal minimum

Britton Area $2.3803**
Aberdeen/Groton Area $2.3562**
Doland Area $2.3803**
Forman/Gwinner Area $2.3795**

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

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