# Chaos At Shipping Chokepoints | Potato Grower Magazine

> An American Farm Bureau economist examines water-level restrictions at the Panama Canal and Houthi attacks in the Red Sea, which have limited trade through both passages. The piece notes about 14% of US maritime trade and 72% of Panama cargo by weight is US-linked, and that bulk US farm exports depend on the canal.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/30626-chaos-at-shipping-chokepoints-potato-grower-magazine
- 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

Canal restrictions and Red Sea diversions raise freight costs and transit delays for US bulk ag exports, pressuring Gulf export basis and widening the spread to Brazilian and Black Sea origins.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-01 | [Shipping markets in flux amid COVID-19 chaos \| 2020-04-01  \| World Grain](https://feedsoft.ai/events/53529-shipping-markets-in-flux-amid-covid-19-chaos-2020-04-01-world-grain.md) | -1.9% | -10.8% |
| CORN | 2024-09-30 | [Bulk carriers freight rates from Ukrainian ports have increased \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/28514-bulk-carriers-freight-rates-from-ukrainian-ports-have-increased-ukrainian-and.md) | +1.0% | -0.6% |
| CORN | 2024-01-26 | [Freight rates for grain shipping from Ukraine's Odessa ports continue to decline - brokers](https://feedsoft.ai/events/32319-freight-rates-for-grain-shipping-from-ukraine-s-odessa-ports-continue-to.md) | -0.9% | -7.1% |
| CORN | 2024-12-20 | [Analysts: Shipowners refuse to reduce freight rates ahead of holidays \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/27154-analysts-shipowners-refuse-to-reduce-freight-rates-ahead-of-holidays-ukrainian.md) | +1.5% | +6.9% |
| CORN | 2017-02-24 | [Barge Glut Chokes U.S. Shipping Sector Despite Record Harvest](https://feedsoft.ai/events/72373-barge-glut-chokes-u-s-shipping-sector-despite-record-harvest.md) | +1.5% | -1.7% |
| SOY | 2020-04-01 | [Shipping markets in flux amid COVID-19 chaos \| 2020-04-01  \| World Grain](https://feedsoft.ai/events/53529-shipping-markets-in-flux-amid-covid-19-chaos-2020-04-01-world-grain.md) | -3.5% | -6.1% |
| SOY | 2017-02-24 | [Barge Glut Chokes U.S. Shipping Sector Despite Record Harvest](https://feedsoft.ai/events/72373-barge-glut-chokes-u-s-shipping-sector-despite-record-harvest.md) | +1.5% | -2.0% |
| SOY | 2020-02-25 | [2019 River Shipping Season Disappointing as Flooding Took Its Toll](https://feedsoft.ai/events/54494-2019-river-shipping-season-disappointing-as-flooding-took-its-toll.md) | +1.9% | +1.1% |

## Sources

- potatogrower.com: https://www.potatogrower.com/2024/04/chaos-at-shipping-chokepoints

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