# The Week The Trains Were Blocked From Mexico

> From December 18 to 22, 2023, the US closed two rail lines into Mexico, and March corn fell to a new 2023 low of $4.68 before ending at $4.73. Mexico has been the largest buyer of US corn this season. March soybean meal was also lower but showed firmer support from tighter US supplies.

- Date: 2023-12-26 · published 2023-12-26T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/11286-the-week-the-trains-were-blocked-from-mexico
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Losing Mexico rail access removes a key corn buyer and adds to ample 2023-24 supplies, pressuring corn. Tighter soybean meal supplies give that market more price support.

## Read by commodity

- SBM: bullish ▲
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-12-25 | 1 | +2.8% | 3.2 | Corn hit a 2023 low during the rail blockade, so a rebound from oversold levels was plausible once Mexico trade resumed. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-05-22 | [Grain transport costs to Mexico rise in Q1 \| Feed & Grain](https://feedsoft.ai/events/16361-grain-transport-costs-to-mexico-rise-in-q1-feed-and-grain.md) | -2.2% | -8.0% |
| CORN | 2023-12-20 | [AAR: There’s no end in sight to closure of two Texas rail gateways to Mexico (updated) - Trains](https://feedsoft.ai/events/32729-aar-there-s-no-end-in-sight-to-closure-of-two-texas-rail-gateways-to-mexico.md) | +3.1% | -1.9% |
| CORN | 2025-03-14 | [US grain transportation costs to Mexico show mixed trends in Q4 2024 \| Feed & Grain](https://feedsoft.ai/events/16467-us-grain-transportation-costs-to-mexico-show-mixed-trends-in-q4-2024-feed-and.md) | +6.8% | +5.7% |
| CORN | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | -0.6% | -3.1% |
| CORN | 2019-07-08 | [Ukraine: in the first week of July, the seaports increased grain shipment volumes](https://feedsoft.ai/events/57939-ukraine-in-the-first-week-of-july-the-seaports-increased-grain-shipment-volumes.md) | +2.0% | -3.2% |
| SBM | 2020-03-20 | [Weekly Market Wrap-Up - March 20, 2020 - The Andersons Trade Group](https://feedsoft.ai/events/6109-weekly-market-wrap-up-march-20-2020-the-andersons-trade-group.md) | +2.6% | -8.4% |
| SBM | 2024-10-09 | [Ocean shipping woes ease while Mexico rail lines get squeezed \| Feed Strategy](https://feedsoft.ai/events/16998-ocean-shipping-woes-ease-while-mexico-rail-lines-get-squeezed-feed-strategy.md) | -3.6% | -7.9% |
| SBM | 2020-04-01 | [Soyameal trade remains critical for the livestock industry \| AHDB](https://feedsoft.ai/events/53724-soyameal-trade-remains-critical-for-the-livestock-industry-ahdb.md) | -8.6% | -11.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2023/12/26/week-trains-blocked-mexico

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.