Skip Navigation

December 21, 2023 Grain Commentary

Kasey Baker
Dec 21, 2023

Market Re-Cap 12/21/23

Due to a significant increase in illegal immigration, US Customs and Border Protection has decided to shut down two primary rail entries from the US to Mexico. Each day the crossings are closed, almost 1 million bushels of grain are at risk of not moving. The closing in the South is impacting rail traffic through at least six states currently. With the rail closed, Mexico could threaten to look at other avenues for imports. The loss of Mexico as a buyer could impact the US grain market because, in 2022, Mexico was the second largest buyer of US trading products. In the 2023-24 marketing year, Mexico has been the most prominent supporter of US Corn. See the image below of the closures and rail map from the US Grain Council. 



Kasey Baker
The DeLong Co., Inc.


The risk of using futures and options can be substantial and individuals must consider whether they are suitable for their operation. Marketing advice is based on information obtained from third-party sources and is believed to be reliable, but not guaranteed by Yield 365. Past performance is not necessarily indicative of future results. Marketing advice reflects our good faith judgement at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.