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An explainer on global shipping chokepoints notes that the Panama Canal handles more than a third of U.S. corn exports and nearly half of U.S. soybean exports. The canal's third set of locks, added in 2016, doubled its capacity.
Canal capacity and transit constraints affect the cost and timing of U.S. grain and oilseed exports, but the piece reports no new event that moves prices.
bloomberg.comAlan Bjerga, Hannah Dormido, Cindy Hoffman, Adrian LeungJun 1, 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.
