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