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Freight transits through the Suez Canal fell 45% amid Houthi attacks. Shipping through the Panama Canal in the prior month was down 36% year on year because of drought-driven low water levels.
Two major chokepoints are constrained at once, which lengthens voyages and lifts freight costs for grain and oilseed exports.
markets.bostonherald.comAssociated PressMar 6, 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.
