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The Panama Canal Authority raised daily Panamax slots by three, to 20, with 27 total daily transits from March 25. Gatun Lake levels continued to fall to 80.5 feet, and the freshwater surcharge rose to 2.89%.
Additional slots ease bottlenecks for grain vessels, but falling lake levels signal further restrictions ahead, keeping ocean freight to Asia firm and pressuring US Gulf export competitiveness.
grains.orgMar 14, 2024grains.orgMar 14, 2024grains.orgMar 14, 2024Not enough comparable past events yet for a historical read.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
