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West Plains LLC received its first grain shipment of the season at the Port of Brownsville on April 25, a 109-railcar train of corn from Nebraska. The elevator has 3 million bushels of capacity and expects about 220 railcars monthly.
Corn will be trucked to feedlots and to Mexican states.
Reopening a Texas export and distribution point adds corn handling capacity for Mexican feed demand, supporting US Gulf corn flows to Mexico.
portofbrownsville.comCODESM SupportApr 26, 2017After 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.
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.
