# Panama Canal signs MoU to promote grain shipments from Brazil

> 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.

- Date: 2018-03-16 · published 2018-03-16T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/65912-panama-canal-signs-mou-to-promote-grain-shipments-from-brazil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-03-15 | [Brazilian Grain Producers Explore Increased Use of Panama Canal](https://feedsoft.ai/events/65910-brazilian-grain-producers-explore-increased-use-of-panama-canal.md) | +0.1% | +3.1% |
| 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 | 2023-05-26 | [Grain Shipment Disruptions from Mississippi Flooding](https://feedsoft.ai/events/16630-grain-shipment-disruptions-from-mississippi-flooding.md) | +2.2% | +14.9% |
| 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 | 2019-04-26 | [The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves](https://feedsoft.ai/events/59492-the-future-of-the-panama-canal-what-s-next-for-grain-and-coal-shipping.md) | -3.3% | -4.4% |

## Sources

- seatrade-maritime.com: https://www.seatrade-maritime.com/dry-bulk/panama-canal-signs-mou-to-promote-grain-shipments-from-brazil

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