Brazil’s robust grain harvests and Panama Canal delays boost midsize bulkers, brokers say

Not enough comparable past events yet for a historical read.

After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.

• Aug 21, 2023Midsize bulkers propelled by South American grain exports, analysts say+1.3%
• Apr 6, 2023Panamax bulker rates hit multimonth high during South America grain harvests-0.7%
• Mar 16, 2018Panama Canal signs MoU to promote grain shipments from Brazil-1.1%
• Mar 15, 2018Brazilian Grain Producers Explore Increased Use of Panama Canal+0.1%
• Apr 26, 2019The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves-3.3%