Crude Oil Futures Reach Record Lows

April 21, 2020
Daniel O'Brien
Gregg Ibendahl

K-State agricultural economist Gregg Ibendahl and Dan O'Brien talk about the unprecedented drop in crude oil futures yesterday, trading in the negative for the first time ever, and the repercussions of historically low oil prices for agriculture...they look at what this run of low petroleum prices means for farm fuel and fertilizer costs, and why it's unlikely that grain futures prices would ever reach negative levels.