A market analyst encourages farmers to hold off on securing
diesel for the upcoming harvest.

Global Commodity Analytics president Mike Zuzolo says prices are currently down around levels seen at the peak of the COVID scare when crude oil went negative $40 dollars per barrel.

“I’m still recommending not locking in the fall diesel needs because of this resurgence in COVID. I’m thinking traffic is going to slow again, thinking that our schools and institutions that utilize so much diesel fuel are probably going to have a difficult time getting a full reopening.”

Zuzolo is confident farmers can wait until diesel is closer to
$2 per gallon.

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