# Panama drought threatens global trade flows - Grain Central

> Severe drought has left Panama with its lowest year-to-date rainfall since 1950, forcing the Panama Canal Authority to keep transit limits and draft restrictions until about this time next year. Waiting times peaked at 19 days in August before easing to 11 days.

- Date: 2023-09-12 · published 2023-09-12T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33989-panama-drought-threatens-global-trade-flows-grain-central
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Extended canal restrictions reroute or delay grain cargoes, raising ocean freight and supporting higher delivered costs for feed grains and meals into Asia.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- graincentral.com: https://www.graincentral.com/markets/panama-drought-threatening-global-trade-flows/

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