Loading…
The Panama Canal Authority signed a memorandum of understanding in Cuiaba with Aprosoja, the Mato Grosso soy and corn producers' association. The agreement covers joint marketing and sharing of trade-flow studies to promote east-west grain routes from northern Brazil to Pacific ports.
Promoting northern Brazil to Asia routes via Panama could reroute some soy and corn flows and modestly lower freight costs. The impact on prices is limited for now.
seatrade-maritime.comMichele LabrutMar 16, 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.
