# The time – and price – are right

> Diesel futures fell to their lowest level in over a year on coronavirus fears, with Midwest cash diesel also weak despite refinery shutdowns. Crude oil futures started the week near $52 a barrel, roughly $5.50 below estimated fair value, amid record U.S. production.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4508-the-time-and-price-are-right
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower diesel and crude prices reduce on-farm fuel costs and feed-transport expenses for the coming spring, while fertilizer buying looks attractive for growers.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2020-01-27 | 5 | -9.3% | -2.8 | Crude started the week near $52 amid record US production and virus fears, with diesel at a one-year low, reflecting both supply and demand pressure. |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/the-time-and-price-are-right

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.