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The Panama Canal Authority signed a memorandum of understanding with Aprosoja in Cuiaba to promote grain shipments from northern Brazil to Pacific ports. The deal sets up joint marketing and information exchange on trade flows.
Attracting northern Brazil grain volumes to Panama could shift some soy and corn shipping routes and lower transport costs over time. The near-term price effect is minor.
worldmaritimenews.comMar 16, 2018Not 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.
