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The East Lane of the Pedro Miguel Panamax Locks will close for 5 hours on October 17, 2019, and the East lane of Miraflores Locks for 8 hours on October 24. Estimated daily transit capacity drops to 30-32 and 29-31 vessels from the normal 32-34.
Authorities expect no major delays.
Reduced canal transits tighten vessel availability on US Gulf and Pacific grain routes, which can firm ocean freight rates for grain exports.
grainjournal.comOct 18, 2019Not 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.
