◂ Event Timeline

Oct 2, 2024LOGISTICSUS

Union Pacific says FXE issuing some US-Mexico grain shuttle permits

Union Pacific is issuing some permits for grain shuttle trains on the US-Mexico route. The article text provided is unrelated and describes a US East and Gulf Coast port strike affecting beef imports.

WHY IT MATTERS

Grain shuttle permits affect rail capacity for US corn and soybean exports to Mexico, but the limited details give little price signal.

AFFECTSCorn◆

SOURCE
reuters.comP.J. HuffstutterOct 2, 2024

Price reaction & history

Corn◆neutralSO FAR1d +0.5%5d -1.1%20d -2.6%

After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.

Jul 22, 2020Ford says Mexican rail blockade near U.S. border hits operations | Reuters-0.2%
Jul 7, 2025STB backs CPKC in grain export dispute with Union Pacific - Trains-6.0%
Sep 9, 2021U.S. Gulf Coast grain exports slowly resume after Ida as more power restored | Reuters+1.3%
Jul 15, 2019Romanian union says strike averted at ADM Constanta grain silos | Financial Post-2.6%
Aug 20, 2022Farmers face issues getting their grain to market this fall-0.4%

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.

Corn CORN · GP ▸

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