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Members of the Yaqui indigenous community blocked rail lines in Sonora, Mexico, used to move auto parts, grains and steel to the United States. The blockade has halted about 15 trains carrying roughly 150,000 tons at the Mexicali-California and Nogales-Arizona crossings.
Rail blockades on key US-Mexico crossings disrupt grain shipments and can widen US export basis and freight costs while cargo is stranded.
reuters.comSharay AnguloJul 22, 2020After 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.
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.
