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Mato Grosso soy and corn producers signed a memorandum of understanding with the Panama Canal Authority to evaluate cutting transport costs and moving more Brazilian grain through the waterway. Only about 2 million tonnes of Brazil's roughly 60 million tonnes of annual soy exports went through the canal last year.
Routing northern Brazilian cargoes through Panama to Asia could shorten voyages and trim freight costs, slightly easing the cost of Brazilian soy and corn delivered to Asian feed buyers. The effect is gradual and small.
gcaptain.comReutersMar 15, 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.
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.
