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🚜 Today’s Market News – Fuel & Trade Watch for Midwest Farmers

🇮🇳 India and U.S. Back at the Table

India and the U.S. are restarting trade talks this week after a short break caused by disagreements over tariffs. India is now promising to buy more American-made energy and natural gas—something that could help ease U.S. concerns about India’s ongoing purchases of Russian oil. Both countries are hoping to reach a new deal that would double trade by 2030. Talks will focus on things like clean energy, natural gas (LNG), and investment opportunities. India is also asking for relief from tariffs that have made it harder to export goods to the U.S.

🛢 OPEC: More Oil on the Way

OPEC (the global oil group that includes Russia and other big producers) is keeping its outlook for oil demand steady, but says there will likely be more oil supply in 2026 than originally expected. That’s because member countries are slowly increasing production. Last month, OPEC+ raised its output by 630,000 barrels per day—which could put some downward pressure on oil prices going forward.

🇨🇳 U.S.–China Tensions Heat Up

The U.S. and China are trading barbs again. China is limiting exports of key minerals used in technology, while President Trump is threatening new 100% tariffs on Chinese goods and restrictions on software exports starting November 1. While this might sound alarming, most experts believe this is just pre-talk posturing ahead of planned meetings between the two countries at the APEC summit in South Korea. Still, farmers should keep an eye on these talks, as tariffs and supply chain issues could eventually trickle down to agriculture and fuel prices.

🧯 Market Outlook: Oil Prices Rebound Slightly

Oil prices are climbing back up a bit after dropping to five-month lows last week. What’s helping?

Hope that the upcoming U.S.-China trade talks could ease global tensions.

A ceasefire agreement in Gaza that led to the release of Israeli hostages, signaling potential stability in the Middle East.

Even though fuel prices dipped last week, these global shifts could keep prices unpredictable in the weeks ahead.

📈 Energy Highlights: Diesel Market Update

We’ve included a chart showing diesel (ULSD) prices going back to April 2025. Here’s what stands out:Diesel prices dropped to their lowest levels since mid-June.

All major trend lines (30-day, 100-day, 200-day moving averages) are currently above today’s prices.

A technical indicator called the RSI (Relative Strength Index) is at 42.7. That’s leaning toward an “oversold” market, meaning prices might have dropped too far too fast—and could bounce back.

If you’re planning fuel purchases, keep an eye on the trend. We’re in that zone where things could swing quickly depending on world events.

📞 Want to know what this could mean for your farm fuel budget? Give your account manager a call—we’re here to help you stay ahead.

The information, materials, and opinions (“Cooperative Energy Company Materials”) provided by Cooperative Energy Company are for general informational purposes only. They are not intended as legal, trading, or professional advice and should not be relied upon as such. Cooperative Energy Company does not guarantee the accuracy, completeness, or fitness for any particular purpose of these materials and assumes no liability for any use, errors, or omissions.