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The Panama Canal Authority projects cargo transits of 431 million tons for the fiscal year ending September 2018, up 7%. Growth is driven by higher commodity prices and emerging-market demand, and the Canal is promoting Panamax grain shipments from Brazil's Mato Grosso to Asia.
Stronger Panama Canal grain traffic from Brazil to Asia supports Brazilian soybean and corn export flows and can ease freight costs on that route.
panamaadvisoryinternationalgroup.comAdrian ProzzoApr 9, 2018After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), 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.
