Tidbits
Diesel price fell for 8 straight weeks and has declined 33.5 cents per gallon since April 8. For the week ending June 3, the U.S. average diesel fuel price was $3.726 per gallon, 7¢ below the same week last year. On June 5th we recommended you to consider locking-in diesel some, if not all of your fall needs.
Purdue University issues their Crop Cost & Return Guide mid-January every year, we shared with you 2024 budgets in February. While it’s most important to know your own breakeven price to make profitable marketing decisions, it is still useful to mind the average numbers.
For 2024/25 breakeven price for average productivity soil is estimated:
rotation corn at $5.32 and $4.93 on high productivity land, $5.89 for continuous corn
rotation soybeans at $12.41 and $11.72 on high productivity land
wheat at $8.44