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Panama Canal officials expect cargo volumes could dip as US-China tariffs cut trade between the two countries. The canal is pivoting to new cargo, including Brazilian soybeans that the canal authority expects to boost traffic via northern Brazilian ports.
Rerouting of Brazilian soybean flows through Panama shifts shipping patterns and freight costs, and reflects China's shift from US to Brazilian bulk supply.
freightnews.co.zaEugene GoddardOct 2, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
