Loading…
Trains hauling exported grain are on hold or delayed in at least six states, including Illinois, Iowa, Kansas, Missouri, Minnesota and Nebraska, because of the south Texas rail closure. The National Grain and Feed Association said there is no timeline for reopening.
It warned that Mexican cattle feeders could run out of grain within a week.
Stranded rail cars delay U.S. grain sales to Mexico and push surplus grain into domestic markets, which weighs on local prices. Shortages in Mexico could later revive export demand once rail flows resume.
brownfieldagnews.comCarah HartDec 20, 2023After 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 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
