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A Feed & Grain article dated March 14, 2025 reports USDA data showing transport costs for US grain to Veracruz, Mexico rose 6.1% in Q4 2024 on a 19.2% jump in barge rates. Land-route costs to the border fell for all grains, and Q4 corn exports to Mexico fell 8% while soybean exports rose 41%.
Higher barge rates from drought-related navigation limits raise delivered costs to Mexico, which can shift export flows from corn toward soybeans and affect Gulf basis.
feedandgrain.comFeed, Grain StaffMar 14, 2025Not enough comparable past events yet for a historical read.
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 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
