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Drought restrictions at the Panama Canal have left more than 100 ships waiting on both sides of the waterway. The Panama Canal Authority says Neopanamax transits remain near normal.
Transit backlogs raise shipping costs and could make US ag exports less competitive against Brazil, which can weigh on US export prices.
brownfieldagnews.comBrent BarnettAug 25, 2023Not 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.
