Markets
  • Corn$5.01/bu+0.1%
  • Soybeans$12.94/bu+0.1%
  • Soybean meal$356.40/US ton-0.1%
  • Soybean oil$0.6831/lb+0.0%
  • SRW wheat$6.75/bu-0.1%
  • HRW wheat$7.32/bu-0.1%
  • Live cattle$222.88/cwt+0.9%
  • Feeder cattle$334.35/cwt+1.0%
  • Lean hogs$69.38/cwt-0.5%
The archive

Search this newsroom.

2 stories for “Penn State”Page 1 of 1
Commodity Markets

Record US Diesel Prices Squeeze Farm Budgets as Washington Weighs Relief Options

US on-highway diesel hit an all-time record of $6.53 per gallon in the week of 21 September 2026, coinciding with the harvest season. The Trump administration is weighing a range of targeted measures — including dyed-diesel distribution, state tax relief and voluntary refiner concessions — after setting aside a 90-day export ban that energy officials and industry warned would backfire. USDA projects 2026 farm fuel and oil spending at $21.6 billion, up 28.8% from 2025.

7 min read