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A severe drought in Panama has lowered water levels in the Panama Canal, forcing some shippers to limit cargo on their largest ships so they can pass safely. The article also addresses the longer-term question of the canal's future.
Ongoing cargo limits on large ships keep freight costs elevated on routes through the canal, a modest added cost for agricultural shipments moving through it.
nytimes.comMay 17, 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.
