# Ripple Effects of Shipping Lane Disruptions on U.S. Agriculture - farmdoc daily

> A farmdoc daily analysis by North Dakota State and UConn economists examines how Panama Canal drought restrictions and Houthi attacks in the Red Sea are disrupting global shipping. Since late November 2023, most container traffic has been rerouted via the Cape of Good Hope, with 85% of global container vessels using that route in January 2024.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32018-ripple-effects-of-shipping-lane-disruptions-on-u-s-agriculture-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer transit times and higher freight rates raise landed costs for US corn and soybean exports to Asia, which can weigh on US basis and farm-gate prices while supporting freight-linked costs for feed buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-09-16 | [Low Mississippi River water levels disrupt barge shipping for third consecutive year \| Agriculture Dive](https://feedsoft.ai/events/16507-low-mississippi-river-water-levels-disrupt-barge-shipping-for-third-consecutive.md) | +1.6% | +2.7% |
| CORN | 2026-10-21 | [Low River, Lower Prices: Mississippi Disruptions Hit Southern Farmers Hardest \| Arkansas Agricultural Experiment Station](https://feedsoft.ai/events/16329-low-river-lower-prices-mississippi-disruptions-hit-southern-farmers-hardest.md) | -1.9% | — |
| CORN | 2023-07-10 | [Midwest drought prompts barge shipping concerns \| Agriculture Dive](https://feedsoft.ai/events/16611-midwest-drought-prompts-barge-shipping-concerns-agriculture-dive.md) | +4.0% | -8.3% |
| CORN | 2026-01-29 | [Low Water on U.S. Rivers Disrupts Grain Exports, Raising Costs for Ag Supply Chains - Agrolatam](https://feedsoft.ai/events/16395-low-water-on-u-s-rivers-disrupts-grain-exports-raising-costs-for-ag-supply.md) | -0.3% | -0.1% |
| CORN | 2026-10-18 | [Global Grain Freight Costs Surge as Shipping Disruptions Threaten U.S. Export Competitiveness](https://feedsoft.ai/events/16761-global-grain-freight-costs-surge-as-shipping-disruptions-threaten-u-s-export.md) | -1.7% | — |
| SOY | 2024-09-16 | [Low Mississippi River water levels disrupt barge shipping for third consecutive year \| Agriculture Dive](https://feedsoft.ai/events/16507-low-mississippi-river-water-levels-disrupt-barge-shipping-for-third-consecutive.md) | +2.6% | +1.9% |
| SOY | 2026-10-21 | [Low River, Lower Prices: Mississippi Disruptions Hit Southern Farmers Hardest \| Arkansas Agricultural Experiment Station](https://feedsoft.ai/events/16329-low-river-lower-prices-mississippi-disruptions-hit-southern-farmers-hardest.md) | -1.3% | — |
| SOY | 2023-07-10 | [Midwest drought prompts barge shipping concerns \| Agriculture Dive](https://feedsoft.ai/events/16611-midwest-drought-prompts-barge-shipping-concerns-agriculture-dive.md) | +0.7% | -2.8% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2024/01/ripple-effects-of-shipping-lane-disruptions-on-u-s-agriculture.html

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