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Fuel, figures, prices, corn

B

Bob Bancroft

Well-known Member
Location
Aurora NY
Last week I took delivery of;

352.3 gal gas @ $4.806/gal (gas is $4.019, the rest are taxes)

684.5 gal off road diesel fuel @4.899/gal (no taxes)

I delivered 18.275 tons of corn. Do you suppose the corn will cover the fuel?

Highway fuel was $5.46 in Owego NY this morning at the local distributor. Out on the main highway a little gas station had fuel at $6.301 Gas at $4.90.
 
Us southerners are used to bushels, not tons and I'm too lazy to figure out how many bushels you have. It would depend on price of corn in your area. Local price today is $7.59/bushel.
 
40 bushel of corn per ton /56 lb per bushel. They are paying just over $9.00/ bushel CND for old corn, and offering $8.50/bushel on new corn CND. So $360.00/ton CDN at local elevators here in Ontario. Diesel at the pumps is $2.25/litre yesterday and gas was $2.00/litre
So a ton of corn sold here would buy you 160 litres of diesel or 190 litres of gas. So a ton of corn would buy me roughly 80 gallons of diesel, not exactly but close.
So if I sold 18.275 ton of corn at $360.00/ton, I would get $6,579.00. Your 352 gallons of gas would have cost me $2,815.00 and your 684 gallons of diesel would have cost me $6,156.00. My total fuel bill would have been $8,971.00
So in final analysis it would take me 25 tons of corn today to buy the same amount of total fuel you bought, from a service station. So I think it will eat your corn cheque to pay off your fuel bill. So many figures and conversions , but I think we are both getting screwed in the final analysis.
 
(quoted from post at 18:39:51 05/31/22) Your price gets me $4953.83 (652.68 bu)
Was $290/ton delivered, so $5299.75
$253.21 left over after paying the fuel bill!
Click to expand...

If it took over 1000 gallons of fuel to produce and deliver 18.275 tons of corn, you're doing something wrong.
 
I agree with the 'getting screwed' part. Frankly I think it is criminal. I only use 'Hi-Test' in my small engines (mix) and old tractor. It was $2.459 per liter or $11.16 per CDN gallon. Robbery. It is interesting that there is no push back from our Gov't, nor anyone else - keeping my back to the wall !
 
Good question. So I started digging. It looks like in 2019 I averaged maybe $175/ton ($4.90/bu) for corn delivered. I found what I paid for fuel, but didn't find the gallons. So I don't know the per gallon price. It's more digging than I want to do, so we'll never know!
 
It would be interesting to make a graph of historic corn prices and gasoline and diesel fuel prices by year. I suspect today's 1.5 ratio of corn to gas is cheaper than normal, probably 1.25 or closer to 1.00 would be normal.

Nobody here, except livestock producers, complains about the high grain prices we are getting now.
 
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