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Teacher protests have blocked railway lines in Michoacan, Mexico since January 14, halting freight on the Ferromex network. Ferromex says 252 trains carrying 2.1 million tonnes of products have been unable to move, with about 10,500 containers stranded at Manzanillo.
Disrupted rail delivery of corn and wheat flour raises the risk of local shortages in Mexico, which can lift domestic feed and grain demand and pressure import needs.
reuters.comSharay AnguloJan 28, 2019After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
