# Panama Canal Signs Agreement with Port of Itaqui - Autoridad del Canal de Panamá

> The Panama Canal signed a memorandum of understanding with the Port of Itaqui in Sao Luis, Maranhao, Brazil, to promote grain and cargo shipments from northern Brazil through the canal to Pacific-bound markets. The partners will conduct joint marketing and exchange trade-flow studies. The deal targets Asian grain buyers.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/61480-panama-canal-signs-agreement-with-port-of-itaqui-autoridad-del-canal-de-panama
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A cheaper canal route from northern Brazil to Asia could shift some soybean and corn export flows and freight economics, but the effect is incremental and not immediate.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-10 | [Panama Canal, Port of Itaqui sign agreement - FreightWaves](https://feedsoft.ai/events/61481-panama-canal-port-of-itaqui-sign-agreement-freightwaves.md) | -1.8% | -1.1% |
| SOY | 2022-04-17 | [Recalibrating the Panama Canal’s Tolls Structure to Unlock a New Era for Growth - Autoridad del Canal de Panamá](https://feedsoft.ai/events/41745-recalibrating-the-panama-canal-s-tolls-structure-to-unlock-a-new-era-for-growth.md) | +2.0% | +2.4% |
| SOY | 2018-03-16 | [Panama Canal signs MoU to promote grain shipments from Brazil](https://feedsoft.ai/events/65912-panama-canal-signs-mou-to-promote-grain-shipments-from-brazil.md) | -1.1% | +1.3% |
| SOY | 2024-01-19 | [Panama Canal restrictions' impact on supply chains \| McKinsey](https://feedsoft.ai/events/32022-panama-canal-restrictions-impact-on-supply-chains-mckinsey.md) | +0.8% | -4.2% |
| SOY | 2019-04-26 | [The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves](https://feedsoft.ai/events/59492-the-future-of-the-panama-canal-what-s-next-for-grain-and-coal-shipping.md) | -3.3% | -4.4% |

## Sources

- pancanal.com: https://pancanal.com/en/panama-canal-signs-agreement-with-port-of-itaqui/

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