Panama Canal drought restricts transits

After 1,054 past logistics events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.5%), and -0.0% over 20.

• Feb 6, 2025BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions+1.4%
• Feb 7, 2025Transits Through the Panama Canal are Down 10% | SupplyChainBrain+1.5%
• Jun 24, 2023US trade dominates Panama Canal traffic. A drought is threatening it-8.7%
• Dec 11, 2023Panama Canal drought to delay grain ships well into 2024 | Reuters+1.0%
• May 6, 2019Panama Canal Drought Puts Bullseye on U.S. Gulf Crop Exports --3.2%

After 837 past logistics events, SOY moved a median +0.4% over 5 sessions (55% higher; middle half -1.5% to +2.0%), and +0.6% over 20.

• Feb 6, 2025BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions-2.8%
• Feb 7, 2025Transits Through the Panama Canal are Down 10% | SupplyChainBrain-2.9%
• Jun 24, 2023US trade dominates Panama Canal traffic. A drought is threatening it+4.2%
• Nov 13, 2023Dry bulk market braces for tightening Panama transit restrictions - Maritimes+0.5%
• Dec 11, 2023Panama Canal drought to delay grain ships well into 2024 | Reuters+0.9%

After 93 past logistics events, NATGAS moved a median -3.6% over 5 sessions (39% higher; middle half -10.7% to +4.7%), and -0.3% over 20.

• Nov 12, 2024Panama Canal says trade rebound is underway after record drought+32.3%
• Oct 30, 2020Congestion Hits the Panama Canal and the Pandemic Isn't Helping-11.5%
• Nov 3, 2020LNG tankers without reservations seeing longer waiting times at Panama Canal --12.5%
• Nov 7, 2020Between 10 and 15 Days to Cross the Panama Canal Without a Reservation » Puente de Mando+4.7%
• Dec 23, 2021Panama Canal pricing structure could see variable component tied to demand | S&P Global-6.9%