U.S. agricultural exports benefit the U.S. balance of trade and compete for market share in the global market. Brazil is the world’s second largest soybean exporter after the United States and one of the most important U.S. competitors in the world oilseeds market. Brazil’s competitiveness in the world market depends largely on its transportation infrastructure and cost. Mexico is the third largest destination of U.S. agricultural exports after China and Canada. The United States buys about 80 percent of all Mexican exports. These market reports provide the latest transportation costs, volumes, and other market developments in Brazil and Mexico. Additional reports include analysis of the modal share of U.S. grain and soybean exports to Mexico and the impact of the Panama Canal expansion.