Rising fuel prices are a major concern ahead of spring planting. AgriSompo North America market analyst Sterling Smith says fuel costs will be painful for everyone. “I suspect we’re going to see diesel hitting $6 a gallon sometime in the next week. While prices backed off, they’re going to be very volatile and bounce back up.” Smith is not expecting energy prices to go down anytime soon. “It looks like we’re putting a durable bottom for crude oil right around $105 a barrel. This will calm the market. The bad news is the big drop in the futures market will probably never be seen at the pumps.”
