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The Panama Canal queue reached 121 vessels on Wednesday, the highest since April 22, with waiting times rising for Neopanamax and Panamax transits. The ACP has since resumed Panamax daily auctions and restored capacity to 36 vessels per day.
Longer queues and higher transit delays raise ocean freight costs and lengthen delivery times for US Gulf grain exports to Asia, supporting freight-linked export spreads.
opis.comJul 30, 2026Not enough comparable past events yet for a historical read.
Not 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.
