Diesel Dropped Should Farmers Lock Fuel Now?

Diesel prices are moving lower, but the farm fuel decision is not simple. In Episode 130 of What the Futures Podcast, Ryan Denis talks with Laura Lee Gress from Fuel Nexus about farm diesel prices, dyed diesel, bulk fuel planning, pre-purchase discounts, cost of borrowing, fuel budgets, and whether farmers should lock in fuel before harvest or wait for another move lower. They also break down real fuel-plan examples, the difference between locking a discount and locking a final price, how farmers can compare fuel savings against dividend cheques, and why some farms may need to rethink bulk tanks or group fuel buying with neighbors. Guest: Lorelei Gress, Fuel Nexus [email protected] Topics include: farm diesel prices, bulk fuel, harvest fuel planning, dyed diesel, WTI crude, farm input costs, prairie agriculture, grain marketing risk, and Ag in Motion. Fuel Nexus: https://www.fuelnexus.ca/ Fuel Nexus Contact: https://www.fuelnexus.ca/contact Fuel Nexus LinkedIn:   / fuel-nexus-corp   UPL WAVE Biostimulant: https://www.uplcorp.com/ca/product-de... Ag in Motion: https://www.aginmotion.ca/ BrettYoung: https://www.brettyoung.ca/ John Deere: https://www.deere.com/en/ Laura Lee Gress: [email protected] 🎧 Listen to the show on the go. https://open.spotify.com/show/3xz7OvO... https://podcasts.apple.com/ca/podcast... 🧑🏼‍🌾 Follow on Instagram and X for more market insights.   / whatthefuturespod   https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/ Timestamps 00:00 Fuel savings and market swings preview 01:35 Laura Lee Gress from Fuel Nexus joins 02:02 Diesel prices, WTI and why fuel hasn’t fallen faster 06:04 Fall fuel planning and dyed diesel pricing 08:06 Locking fuel discounts without locking final price 12:07 Fuel planning chart and monthly discount examples 16:09 Why fuel planning matters for farm budgets 20:12 Planning 2027 fuel if prices keep falling 22:16 Paper contracts, refinery supply and fresh fuel 24:16 Cost of borrowing on pre-purchased fuel 26:18 Real farm fuel savings examples 30:21 $26,000 upfront savings versus dividend cheques 32:22 Bulk tanks, payback and group fuel buying 35:26 How to reach Laura Lee and Fuel Nexus 36:24 Ag in Motion and final wrap