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AgWest Farm Credit reports West Coast agricultural exports totaled $61.7 billion in 2024, with shipping conditions improving in both the Panama Canal and Red Sea. Canal drought has eased with more rain expected, and Israel and Hamas agreed to a six-month ceasefire that may lead Houthis to halt attacks on non-Israeli shipping.
Top container lines will wait for stability before fully returning to the Red Sea.
Easing transit constraints lower freight and container costs for U.S. West Coast exporters, improving their export competitiveness. Lower logistics costs can support basis and export demand for U.S. grains and feed products.
agwestfc.comFeb 12, 2025Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
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.
