# Ocean shipping woes ease while Mexico rail lines get squeezed | Feed Strategy

> Feed Strategy reports that agricultural shipping has faced Houthi attacks in the Red Sea, drought reducing Panama Canal water levels, and rail capacity limits in Mexico. The Suez Canal handles roughly 12% to 15% of global trade according to UNCTAD. The article also notes FEFAC's update on EU Deforestation Regulation risks for soy supplies in 2027.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/16998-ocean-shipping-woes-ease-while-mexico-rail-lines-get-squeezed-feed-strategy
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Ongoing canal and rail constraints keep freight costs elevated for feed ingredients, while EUDR compliance risk could tighten European soy meal supply and support prices.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-10-18 | [Shipping Woes to Squeeze China's Soybean Stocks](https://feedsoft.ai/events/14893-shipping-woes-to-squeeze-china-s-soybean-stocks.md) | -0.1% | -1.4% |
| SBM | 2021-11-19 | [Grain Shipping Costs Start to Ease](https://feedsoft.ai/events/43961-grain-shipping-costs-start-to-ease.md) | -3.8% | +1.7% |
| SBM | 2020-12-22 | [Strike in Argentina affects livestock feed exports \| Feed Strategy](https://feedsoft.ai/events/49497-strike-in-argentina-affects-livestock-feed-exports-feed-strategy.md) | +3.6% | +8.2% |
| SBM | 2022-10-27 | [China’s Shortage of Pig Feed Set to Ease on Looming Soy Imports - Caixin Global](https://feedsoft.ai/events/39128-china-s-shortage-of-pig-feed-set-to-ease-on-looming-soy-imports-caixin-global.md) | +3.0% | -1.5% |
| SBM | 2025-03-13 | [Argentine soybean mill workers strike creating unease in global meal market](https://feedsoft.ai/events/13872-argentine-soybean-mill-workers-strike-creating-unease-in-global-meal-market.md) | +1.5% | +1.0% |
| SOY | 2020-10-02 | [Ocean Freight Rates Hit Lowest In Past 12 Weeks \| Feed & Grain](https://feedsoft.ai/events/50831-ocean-freight-rates-hit-lowest-in-past-12-weeks-feed-and-grain.md) | +2.6% | +2.8% |
| SOY | 2019-09-09 | [Shipping freight market defies ongoing trade war - Rediff.com Business](https://feedsoft.ai/events/57261-shipping-freight-market-defies-ongoing-trade-war-rediff-com-business.md) | +4.7% | +8.4% |
| SOY | 2026-01-18 | [Lower Ocean Freight Rates Could Aid Grain Export Margins - RFD-TV](https://feedsoft.ai/events/16886-lower-ocean-freight-rates-could-aid-grain-export-margins-rfd-tv.md) | +0.4% | +7.2% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/business-markets/international-trade/article/15681840/ocean-shipping-woes-ease-while-mexico-rail-lines-get-squeezed

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