Economists at an agricultural outlook forum questioned the impact of an export ban on diesel, while there was also some disagreement over whether farmers need more ad-hoc aid to deal with high diesel and fertilizer inputs.
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DTN Oil Update
PostedCrude oil futures climbed nearly 5% Wednesday, even as Energy Information Administration (EIA) data showed a weekly increase in U.S. commercial crude inventories.
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Farm Life
View From the Cab
Posted by Pamela SmithThe cost of fuel was on the minds of DTN's View From the Cab farmers this week as they prepare for fall harvest.
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What DTN Is Watching
EIA will release their weekly Petroleum Status report at 9:30 a.m. CDT on Wednesday morning, offering a look into energy fundamentals for the week ending September 18. There are no other major reports scheduled, and traders will continue to watch for geopolitical updates as well as field level reports from the early stages of U.S. harvest.
WeatherSome showers remain possible across Ohio and into the Southeast on Wednesday, but the main focus is on the Plains where a zone of showers and embedded thunderstorms will be growing throughout the day, especially overnight. Some areas of heavy rain will be possible, with the short-term focus on New Mexico.
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