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FreightWaves examines the outlook for dry bulk cargo through the Panama Canal, which remains the canal's highest-volume cargo type. Grains and coal dominate, and U.S. soybeans, sorghum and corn are a key component of Panamax-lock traffic bound for Asia.
Canal routing affects freight costs and the competitiveness of U.S. and South American grain shipments to Asia, which can shift export basis and freight-sensitive prices.
freightwaves.comGreg MillerApr 26, 2019After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
Not 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.
