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The Panama Canal Authority is easing draft and transit restrictions that followed last year's record drought, with daily Panamax transits rising from 20 to 24 starting May 16 and total transits reaching 32 by June 1. Canal operations are expected to return to normal by 2025.
Grain export sales data for the week ending April 4 were also reported.
Fewer canal restrictions lower transit times and costs for US Gulf and other grain shipments to Asia, easing ocean freight rates and supporting US export competitiveness.
doi.orgApr 18, 2024Not enough comparable past events yet for a historical read.
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.
