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The USDA's Agricultural Marketing Service reported that the Class I railroad average grain fuel surcharge reached a record 76 cents per mile for November. That is 231% above the April 2026 level and above the previous peak of 58 cents set in August 2022.
Federal forecasters expect diesel to stay above $4 a gallon through 2027.
Higher rail surcharges raise the delivered cost of U.S. grain and feed ingredients, which can widen basis and shift shipping choices toward trucks or barges.
feedandgrain.comFeed, Grain StaffNov 5, 2026After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
