Farmers Are Locking In 2027 Diesel at 64¢/L (Here’s How)

In this episode of What The Futures, Ryan Denis sits down with Lorelei Gress from Fuel Nexus to discuss diesel markets, fuel planning, pre-purchasing fuel, locking in fuel budgets, and why some farmers are already planning their 2027 fuel strategy. They break down real-world examples that show fuel savings, discuss whether diesel prices are likely to decline, and explain how producers can protect themselves against volatile energy markets. - Diesel price outlook - WTI crude oil trends - Fuel budgeting for harvest • Pre-buying fuel - Cost of borrowing money for fuel purchases - Fuel Nexus fuel plans • Diesel market volatility - Farm financial planning - Fuel savings examples - Ag in Motion Guest: Lorelei Gress Fuel Nexus https://www.linkedin.com/in/lorelei-gress-yeboah-37776073/ ### Chapters - (00:00:00) - Farmers just experienced huge market volatility - (00:01:15) - Why diesel prices aren’t following crude oil lower - (00:04:05) - Is diesel still expensive historically? - (00:06:05) - What farmers are asking about right now - (00:07:30) - Canola volatility and emotional marketing decisions - (00:08:15) - What happens if fuel prices fall after you lock in? - (00:09:20) - The Fuel Nexus Market Advantage strategy - (00:11:00) - Planning fuel purchases 12 months ahead - (00:11:45) - Building a farm fuel budget - (00:13:00) - Understanding the fuel planning chart - (00:15:00) - Example fuel plan saving $26,000 - (00:17:20) - Why budgeting fuel matters more than ever - (00:19:00) - Can larger fuel users get bigger discounts? - (00:20:00) - Planning harvest 2026 and spring 2027 fuel - (00:21:00) - How farmers could lock in 64¢ diesel - (00:21:50) - Why you don’t need storage tanks anymore - (00:24:45) - Cost of borrowing money to buy fuel - (00:26:45) - Real customer savings examples - (00:27:15) - One farmer saved 72¢ per litre - (00:29:00) - Fuel buying versus grain marketing psychology - (00:30:00) - Fuel discounts vs traditional dividends - (00:32:00) - What could farmers do with an extra $26,000? - (00:33:00) - Teaming up with neighbors to buy fuel - (00:35:00) - Fuel Nexus updates and Ag in Motion