Loading…
About 101 vessels were waiting to transit the Panama Canal, six more than the year's average. Canal traffic rose 18% in April, and Suez Canal transits rose 6.3% year-on-year in April.
Persistent canal queues and congestion raise shipping times and costs for grain and feed ingredients moving between the Americas and Asia. This supports higher freight rates.
en.mercopress.comMay 21, 2022Not 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.
