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The head of the Panama Canal Authority, Jorge Quijano, said fewer China and U.S. ships could use the canal if trade tensions escalate. He expects Brazilian grain volumes via northern Brazilian ports to partly offset the drop.
The Trump administration was preparing tariffs on $200 billion of Chinese imports.
Lower canal traffic from US and China could raise shipping costs and reshape Atlantic-Pacific grain routes. Brazilian soy moving through northern ports is a partial offset, so the direct price effect for feed buyers is limited.
gcaptain.comReutersSep 14, 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.
