The average Class I railroad fuel surcharge for grain shippers reached 76 cents per mile in November, up 231% from April, according to USDA’s Grain Transportation Report. Rates vary by railroad, and the increase follows higher diesel prices; EIA expects retail diesel to average about $4.50 per gallon in 2027.
Higher rail surcharges raise the cost of moving grain, potentially reducing farm returns and increasing delivered costs for buyers. Persistent freight expense can weigh on origin basis and U.S. export competitiveness.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
After 11 past bearish logistics events, Wheat (HRW) moved a median -0.3% over 5 sessions (45% higher; middle half -2.8% to +0.9%), and +0.4% 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.