Posted by NY 986 on March 11, 2020 at 13:48:13 from (67.249.255.74):
I just priced farm diesel fuel this morning. 2.00 per gallon average depending how much you take per delivery. Corn to the ethanol plant is still a positive basis but the neighbor and I are speculating with crude oil dropping the basis could go negative. Also, a lot of corn grading out poorly due to test weight among other factors and hearing dockage of over 40 cents per bushel. Dropping crude oil prices is a good news/bad news type event as the cost of business obviously gets better but the worry is there the ethanol plant could idle itself until things change. The area corn market would flood without the ethanol plant.
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