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Panama Canal transits rose 5.2% through June with 35 daily transits on average in the first nine months of fiscal 2026. Officials put the probability of severe El Niño at 81%, with possible draft restrictions and fewer daily booking slots.
The canal carries about 90% of US sorghum exports and a large share of soybeans and corn, so possible El Niño restrictions raise freight costs and threaten Gulf export demand.
rfdtv.comTony St. JamesJul 28, 2026Not enough comparable past events yet for a historical read.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
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.
