Trump 'Red Diesel' Order Provides Limited Benefit to Farmers -- Market Talk
Dow Jones2026/10/06 15:211121 ET - President Trump's executive order temporarily allowing the use of red-dyed tax-free diesel by truckers who would normally use a taxed product is seen as having a limited benefit for U.S. farmers struggling with rising input costs. Red-dyed diesel is already being used by farmers to power farm machinery like tractors and combines, so the savings really goes to farmers transporting their harvests via trucks. But there's a way for this to backfire on farmers, says Jim Wiesemeyer of Ag Bull in a note. "Opening those inventories to additional highway customers could also increase competition for supplies at rural distributors during harvest," he says. Corn rises 0.9%, soybeans are up 0.9%, and wheat climbs 0.3%. (kirk.maltais@wsj.com) (END) Dow Jones Newswires October 06, 2026 11:21 ET (15:21 GMT)
1121 ET - President Trump's executive order temporarily allowing the use of red-dyed tax-free diesel by truckers who would normally use a taxed product is seen as having a limited benefit for U.S. farmers struggling with rising input costs. Red-dyed diesel is already being used by farmers to power farm machinery like tractors and combines, so the savings really goes to farmers transporting their harvests via trucks. But there's a way for this to backfire on farmers, says Jim Wiesemeyer of Ag Bull in a note. "Opening those inventories to additional highway customers could also increase competition for supplies at rural distributors during harvest," he says. Corn rises 0.9%, soybeans are up 0.9%, and wheat climbs 0.3%. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
October 06, 2026 11:21 ET (15:21 GMT)
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