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Protests blocked Kansas City Southern de Mexico's main line to the Port of Lazaro Cardenas, and the railroad has embargoed traffic to and from the port with no detour available. The blockade began June 11 and is unrelated to the railroad, reflecting recurring teacher and labor protests.
Rail embargo at Mexico's busiest port disrupts intermodal and bulk flows, which can raise logistics costs and delay grain and meal imports and exports through the Pacific gateway.
trains.comBill StephensJun 17, 2021After 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.
After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% 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.
