Watch diesel markets for economy signals
Monitoring 2023’s diesel fuel ending stocks and prices will be critical in gauging the strength of the economy and inflation moving forward.
Those words come from Matt Erickson, agriculture economic and policy advisor with Farm Credit Services of America, who addressed approximately 200 farm managers, real estate appraisers and farmers last week at the 95th annual Iowa State University Soil Management Land Valuation Conference in Ames.
With diesel ending stocks dropping to a record low last October, and a similar trend shaping up for 2023, the market bears watching as prices currently remain relatively flat, bucking the historical trend of rising when there are low inventories,...
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