# US - China trade war hitting Panama Canal revenues

> Panama Canal Authority data show the US-China trade war has reduced US energy and farm cargo transits, with Japan overtaking China as the canal's second-largest user. California's exports for the first four months of 2019 fell roughly 13%.

- Date: 2019-07-11 · published 2019-07-11T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/57984-us-china-trade-war-hitting-panama-canal-revenues
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US exports to China, including agricultural products, shift flows to other origins such as Brazil for soy, reinforcing the export-demand headwind for US farm commodities.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-16 | [Trump-China Trade Tensions Hit Panama Canal Revenues -](https://feedsoft.ai/events/57990-trump-china-trade-tensions-hit-panama-canal-revenues.md) | -1.5% | -4.5% |
| SOY | 2019-11-06 | [Panamax rates slide as trade war bites into US soybean exports to China](https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china.md) | -1.7% | -4.7% |
| SOY | 2019-05-29 | [Local ports see 'dramatic hit' to soybean exports during US-China trade war](https://feedsoft.ai/events/59104-local-ports-see-dramatic-hit-to-soybean-exports-during-us-china-trade-war.md) | +3.0% | +5.5% |
| SOY | 2019-05-08 | [Trade war: US-China trade battle in charts](https://feedsoft.ai/events/10431-trade-war-us-china-trade-battle-in-charts.md) | +0.0% | +6.4% |
| SOY | 2018-12-20 | [China Trade War Rattles Investors in New US Soy Processing Plants](https://feedsoft.ai/events/61650-china-trade-war-rattles-investors-in-new-us-soy-processing-plants.md) | -3.4% | +1.9% |

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/ship-operations/us-china-trade-war-hitting-panama-canal-revenues

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.