Loading…
A CONAB study finds that using the Panama Canal could cut total bulk export costs through Brazil's Northern Arc ports by up to 35%, even after canal fees. Brazilian companies and port terminals have signed an agreement with Panamanian authorities to exchange information.
Lower freight costs via the Panama route could improve Brazilian grain export competitiveness into Asia, potentially shifting flows and easing some ocean freight demand over time. The impact on prices is gradual and depends on infrastructure investment.
datamarnews.comRuth HollardFeb 26, 2021After 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.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
Not 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.
