More U.S. grain moving to Mexico by water
Falling ocean freight rates are attracting increased movements of U.S. grain to Mexico by water from shippers that formerly used rail, according to the current issue of the U.S. Department of Agriculture’s Grain Transportation Report.
Ocean shipments have been “helped by ocean freight rates, which have dropped 37 percent from May of last year. As a result, cross-border rail grain deliveries to Mexico (four-week running average) are 25 percent below the same period last year even as Mexico commitments (exports plus unshipped sales) for corn, soybeans, and wheat are up 6 percent,” according to the USDA’s Transportation and Marketing Programs/Transportation Services Branch.
More U.S. grain moving to Mexico by water
