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Panama Canal Administrator Ricaurte Vásquez said May container transits will show the extent of COVID-19's impact on containerized trade. The canal is preparing for a future with more regional than global trade, and expects stronger growth in bulk than container shipments.
A shift toward regional supply chains and stronger bulk traffic could change grain and feed shipping patterns through the canal, though the near-term effect on feed prices is limited.
joc.comMark Szakonyi, Executive Editor }May 7, 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.
