You are here

Futures-based price forecasts for non-taxable diesel fuel

The following graph and table represent monthly forecasted prices for off-road (i.e., farm) diesel based on the crude oil futures market, respectively.

The forecasted prices, according to Kansas State University Extension farm management specialist Kevin Dhuyvetter, are based on the January 2, 2008 futures contract closing prices for crude oil as traded on the New York Mercantile Exchange (NYMEX). Crude oil contracts are for 1,000 barrels.

The actual prices for diesel fuel (dollars/gallon) are monthly average bulk delivered prices in southwest Kansas (graphics courtesy Kevin Dhuyvetter).

The following graph and table represent monthly forecasted prices for off-road (i.e., farm) diesel based on the crude oil futures market, respectively.

Read more about

Talk in Marketing

Most Recent Poll

How much of your 2016 corn crop is planted?