No Bull’s maiden AgVenture sets sail in January, exploring the Panama Canal by both land and sea. A detailed itinerary will be released soon!
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Winners & Losers
Life comes at ya fast:
It was a rough week for energies with crude down 10%, hitting a 14-month low on demand concerns:
10-year chart for perspective:
The bigger concern (for the sake of ag) is the bloodbath in diesel as futures are now 55 cents (21%) off their early July highs:
Why it matters:
(diesel prices have a direct impact on biofuel MARGINS)
Gas has been under pressure as well with nearby futures breaking below $2…
…for the first time since late 2021:
Ethanol has all but lost its ~year-long run at an extreme discount to gas:
What goes up, must come down:
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