Crude oil prices have topped $90 per barrel, which is a ten-month high. Advance Trading Risk Management Advisor Tommy Grisafi said there is some positive news for the farmer with the high energy prices. “For the average consumer, it stinks,” said Grisafi. “For those of us in the grain industry, because we can take all the grains and turn them into some form of alcohol or fuel, I like higher crude prices. It would be a lot worse if we had $40 crude and these lower grain prices.” Grisafi was part of Wednesday’s market outlook forum at the Big Iron Farm Show.
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