Diesel Prices Soar: Why Waiting Cost Farmers MORE!

With diesel prices soaring due to geopolitics and conflicts in Asia and Europe, many US farmers waited to make their diesel purchases in the hopes that prices would stabilize. The diesel to corn ratio has slipped to its worst level in about 20 years, turning a national fuel story into a direct hit on farm margins. With the Midwest harvest running late and corn losing momentum, producers are exposed while much of the season's fuel demand is still to come. Mike Castle, StoneX Senior Commodities Economist, how the decision to wait has ultimately cost farmers. View his full report in the related video.