Transits Through the Panama Canal are Down 10%

Not 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.

• Feb 6, 2025BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions+1.4%
• Jul 17, 2024La Ñina boosts the Panama Canal; Houthi threat drives up shipping costs through the Suez+2.6%
• Jan 19, 2024Panama Canal restrictions' impact on supply chains | McKinsey+0.8%
• Apr 9, 2018More Traffic Projected in Panama Canal --0.2%
• Jan 26, 2024Freight through Suez Canal down 45% since Houthi attacks - UNCTAD | Reuters-0.9%

After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.

• Feb 6, 2025BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions-2.8%
• Jul 17, 2024La Ñina boosts the Panama Canal; Houthi threat drives up shipping costs through the Suez+2.5%
• Apr 1, 2022Panama Canal Proposes New Toll System, Raising Transit Costs+1.7%
• Jan 19, 2024Panama Canal restrictions' impact on supply chains | McKinsey+0.8%
• Apr 9, 2018More Traffic Projected in Panama Canal -+2.0%