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Farm Machinery
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Fuel price tracker
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<blockquote data-quote="Brisel" data-source="post: 7454650" data-attributes="member: 166"><p>No. If you sell wheat today, you'll get a lower spot price than July. The cost of fuel forward bought goes up by a certain amount per month too, to cover the cost of money. We bought August delivery fuel now because we think it's going up by more than that if we don't price it until August.</p></blockquote><p></p>
[QUOTE="Brisel, post: 7454650, member: 166"] No. If you sell wheat today, you'll get a lower spot price than July. The cost of fuel forward bought goes up by a certain amount per month too, to cover the cost of money. We bought August delivery fuel now because we think it's going up by more than that if we don't price it until August. [/QUOTE]
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