# Grain Journal | USDA Grain Transportation Report (7/27): Panama Canal…

> The USDA Grain Transportation Report says the Panama Canal will limit transits to 32 vessels per day from July 30, below the long-term average of 35-36. Gatún Lake water levels are 7% below the five-year average and near record lows, and no date has been set for restoring normal draft levels.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/34948-grain-journal-usda-grain-transportation-report-7-27-panama-canal
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Fewer daily transits and draft limits raise ocean freight costs and slow US Gulf grain exports to Asia, which weighs on US export basis and corn, soybean and wheat prices.

## Read by commodity

- SOY: bearish ▼
- WTI: bullish ▲
- CORN: bearish ▼
- DDGS: neutral
- BARGE: neutral
- WHEAT: bearish ▼
- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-30 | [Grain Transportation Report, May 30, 2019](https://feedsoft.ai/events/58982-grain-transportation-report-may-30-2019.md) | +9.6% | +16.2% |
| WHEAT | 2025-01-30 | [Grain Transportation Report, January 30, 2025](https://feedsoft.ai/events/16478-grain-transportation-report-january-30-2025.md) | -0.1% | +0.6% |
| WHEAT | 2018-04-12 | [Grain Transportation Report, April 12, 2018](https://feedsoft.ai/events/65379-grain-transportation-report-april-12-2018.md) | +3.0% | +2.7% |
| WHEAT | 2024-08-15 | [Grain Transportation Report, August 15, 2024](https://feedsoft.ai/events/29008-grain-transportation-report-august-15-2024.md) | -6.9% | -2.6% |
| WHEAT | 2023-12-21 | [Grain Transportation Report, December 21, 2023](https://feedsoft.ai/events/32731-grain-transportation-report-december-21-2023.md) | +0.7% | +1.5% |
| CORN | 2023-06-01 | [Grain Journal \| USDA Grain Transportation Report (6/1): War in Sudan…](https://feedsoft.ai/events/35382-grain-journal-usda-grain-transportation-report-6-1-war-in-sudan.md) | -2.2% | -3.2% |
| CORN | 2023-06-29 | [Grain Transportation Report, July 27, 2023](https://feedsoft.ai/events/16617-grain-transportation-report-july-27-2023.md) | -2.5% | +2.0% |
| CORN | 2024-07-18 | [Grain Transportation Report, July 18, 2024](https://feedsoft.ai/events/16525-grain-transportation-report-july-18-2024.md) | +2.4% | -0.9% |

## Sources

- grainjournal.com: https://www.grainjournal.com/article/301872/usda-grain-transportation-report-7-27-panama-canal-limits-vessel-transits-amid-persistent-low-water
- grainjournal.com: https://www.grainjournal.com/article/301874/port-of-milwaukee-opens-grain-export-facility
- grainjournal.com: https://www.grainjournal.com/article/301876/usda-grain-transportation-report-7-27-diesel-price-surges-by-9-9-cents

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