Weight of Freight: Panamax locks demand, auction prices jump

Not enough comparable past events yet for a historical read.

After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.

• Jun 10, 2026Panama Canal sets 49.5-foot draft limit from July 3, auction prices hit US$400,000 | Food Business Middle East & ...-1.1%
• Oct 16, 2026Panama Canal Adds One Slot, but Grain Freight to Japan Is Up 36%-1.2%
• Oct 6, 2023Low river levels, barge freight, and widening basis-0.5%
• Oct 7, 2022Slow US demand puts the brakes on wheat - Mecardo+2.0%
• Oct 13, 2026Freight costs limit relief from lower grain prices, Commo18 says | Miller Magazine-2.0%

After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.

• Jun 10, 2026Panama Canal sets 49.5-foot draft limit from July 3, auction prices hit US$400,000 | Food Business Middle East & ...+0.6%
• Jul 18, 2019Price of soybeans fall in Brazil due to freight - DatamarNews+1.0%
• Oct 16, 2026Panama Canal Adds One Slot, but Grain Freight to Japan Is Up 36%-0.7%
• Oct 4, 2017River Freight Cost Pressuring Grain Prices | 680 KFEQ+1.1%
• Dec 30, 2023Panama Canal backup forces detours for Asia-bound grain ships | World Ports Organization-4.2%