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Panama Canal transits rose to 933 in July from 845 in June, the lowest since the expanded locks opened, and early August data show further improvement. Container traffic between the US and Asia is recovering while cruise and LNG traffic lag.
A recovering canal supports ocean freight flows for US grain and feed exports to Asia, modestly easing shipping constraints, though the impact on commodity prices is limited.
airfreight.newsBloombergAug 17, 2020Not 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.
