# Brazilian Grain Producers Explore Increased Use of Panama Canal

> 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.

- Date: 2018-03-15 · published 2018-03-15T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65910-brazilian-grain-producers-explore-increased-use-of-panama-canal
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-16 | [Panama Canal signs MoU to promote grain shipments from Brazil](https://feedsoft.ai/events/65912-panama-canal-signs-mou-to-promote-grain-shipments-from-brazil.md) | -1.1% | +1.3% |
| SOY | 2018-04-09 | [More Traffic Projected in Panama Canal -](https://feedsoft.ai/events/65409-more-traffic-projected-in-panama-canal.md) | +2.0% | -0.6% |
| SOY | 2023-09-14 | [Brazil’s robust grain harvests and Panama Canal delays boost midsize bulkers, brokers say](https://feedsoft.ai/events/33985-brazil-s-robust-grain-harvests-and-panama-canal-delays-boost-midsize-bulkers.md) | -1.2% | -6.2% |
| SOY | 2020-04-22 | [Aquafeed.com \|
   

   
    Expected issues in the Brazilian soybean supply chain in a new record production year](https://feedsoft.ai/events/53491-aquafeed-com-expected-issues-in-the-brazilian-soybean-supply-chain-in-a-new.md) | -0.6% | +1.4% |
| SOY | 2021-02-26 | [Study shows use of Panama Canal may reduce freight costs on 'Northern Arc' exports by 35% - DatamarNews](https://feedsoft.ai/events/48523-study-shows-use-of-panama-canal-may-reduce-freight-costs-on-northern-arc.md) | +0.7% | +0.6% |

## Sources

- gcaptain.com: https://gcaptain.com/brazilian-grain-producers-explore-increased-use-of-panama-canal/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.