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More than 50 ships queued to cross the Panama Canal on a recent day, with a prolonged drought cutting crossings and lengthening waits. Shipping tolls have risen as a result.
Longer queues and higher tolls raise the delivered cost of US and South American grain cargoes bound for Asia, supporting ocean freight rates.
wsj.comCostas ParisMar 10, 2024Not enough comparable past events yet for a historical read.
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.
