After a sharp rally over the holidays thanks to rising international tensions, energy prices fell sharply on Wednesday following a bearish inventory report. While more weakness could be ahead for the market, thanks to the global economic slowdown, the break in prices represents a buying opportunity for farmers to lock in spring diesel needs.
Wholesale prices at the Gulf jumped almost 40 cents a gallon on the Christmas/New Year's rally, suggesting that even a pullback now is likely to leave prices higher once supplies get to the
Energy prices enjoyed a two-week rally, driven by three factors. To read Bryce Knorr's complete weekly energy review, click HERE.