LUBBOCK, TX (RFD NEWS) — Shipping U.S. grain to Mexico became more expensive in the first quarter, but export volumes held mostly steady. USDA says landed costs rose from the previous quarter for corn, soybeans, and wheat moving to Mexico by both water and land routes.
Water-route costs increased because barge and truck rates moved higher. USDA says winter weather, ice, and low water on the Mississippi River system helped push barge rates higher from late January into early March.
Ocean freight was mixed quarter-to-quarter but higher year-over-year, supported by strong dry bulk movement and higher bunker fuel prices. Land-route transportation costs eased for soybeans and wheat, while corn rose slightly.
Mexico remained a major buyer. First-quarter U.S. corn exports to Mexico totaled 6.07 million metric tons, up 8 percent from a year ago, while soybeans slipped 5 percent and wheat rose 4 percent.
For producers, Mexico’s steady demand still depends on competitive freight.
Farm-Level Takeaway: Mexico remains a critical grain customer, but higher landed costs can affect U.S. competitiveness.
Tony St. James, RFD News Markets Specialist
RealAg Radio host Shaun Haney joins us to discuss the latest developments surrounding the Trump/Xi summit, what the negotiations could mean for U.S. agriculture, and
trade enforcement concerns.
Huma Chief Sales and Marketing Officer Fred Nichols joins us to discuss rising interest in carbon-based products, soil health strategies, and fertilizer cost concerns.
The lower outlook follows months of drought stress across major winter wheat regions, where some producers have abandoned fields or shifted acres to grazing instead of harvest.
Current estimates indicate the federal government could be forced to return more than $150 billion to importers.
Aimee Bissell discusses Iowa planting progress, weather conditions, fertilizer costs, and concerns over early crop development.
Farmers are closely watching upcoming U.S.-China trade talks as rising fertilizer and diesel costs continue to pressure exports, margins, and rural economies.
