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Brazilian port operators, including units of Cargill and Bunge, plan to propose lower Panama Canal tariffs for grain shipments to China. The study argues that shipping via the Cape of Good Hope is about $206,000 cheaper per ship at current tariffs.
If tariffs fall, Brazilian soybean exports to Asia could become cheaper and faster to ship, supporting Brazil's export competitiveness against U.S. supplies.
gcaptain.comReutersApr 2, 2019After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
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.
