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The Panama Canal is targeting dry bulk cargo trades between Brazil and China as grain exporters increase shipment volumes. Dry bulk vessels made up 22.2 percent of the canal's traffic in the last fiscal year.
The waterway is seeking to capture a larger share of this trade.
Greater use of the canal for Brazil-China grain flows could reduce transit times and freight costs on those routes, modestly affecting soybean export logistics.
tradewindsnews.comDale WainwrightDec 11, 2018Not 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.
