# Market Perspectives - April 25, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council

> The U.S. Grains Council's weekly market perspectives note Panama Canal daily transit slots rising to 32 from June 1, with Panamax locks losing three slots for maintenance May 7-15. They also report a temporary third access channel opened at Baltimore after the Francis Scott Key Bridge collapse.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/30623-market-perspectives-april-25-2024-page-6-of-9-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced Panama Canal capacity raises freight costs and transit times for US Gulf grain exports to Asia and the Americas's west coast, widening Gulf basis versus competing origins. Baltimore access limits add some further port congestion risk.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-17 | [Market Perspectives - October 17, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16993-market-perspectives-october-17-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | +2.1% | +2.9% |
| CORN | 2020-03-26 | [Market Perspectives – March 26, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54041-market-perspectives-march-26-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | +3.9% | -3.7% |
| CORN | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -3.5% | +1.6% |
| CORN | 2017-03-02 | [Market Perspectives March 2, 2017 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71885-market-perspectives-march-2-2017-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -2.8% | -3.1% |
| CORN | 2022-07-21 | [Market Perspectives – July 21, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40678-market-perspectives-july-21-2022-page-9-of-10-u-s-grains-and-bioproducts-council.md) | -5.2% | -0.3% |
| SOY | 2024-10-17 | [Market Perspectives - October 17, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16993-market-perspectives-october-17-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | +1.8% | +2.5% |
| SOY | 2024-11-21 | [Market Perspectives - November 21, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16984-market-perspectives-november-21-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.2% | -2.8% |
| SOY | 2022-07-21 | [Market Perspectives – July 21, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40678-market-perspectives-july-21-2022-page-9-of-10-u-s-grains-and-bioproducts-council.md) | +9.0% | +1.8% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-25-2024/6/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.