# Panama Mission focuses on logistics and freight reduction - Revista Cultivar

> Mato Grosso soybean and corn producers' association Aprosoja and the Pro-Logistics Movement visited Panama in early July to discuss grain transport. They said Panama Canal shipping rates make grain routes to Asia unfeasible for now. They plan to seek more competitive rates and will also visit Ecuador.

- Date: 2017-07-07 · published 2017-07-07T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/69843-panama-mission-focuses-on-logistics-and-freight-reduction-revista-cultivar
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

If Panama Canal grain freight rates fall, Brazilian grain could reach Asia more cheaply, adding competition to US export flows. Current high rates keep Brazilian grain on existing routes, so there is no near-term price effect.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-09-22 | [US ag exporters at most risk from Panama and Mississippi restrictions - The Loadstar](https://feedsoft.ai/events/33986-us-ag-exporters-at-most-risk-from-panama-and-mississippi-restrictions-the.md) | +0.5% | +1.7% |
| 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% |
| SOY | 2020-01-17 | [Panamax freight spikes in Pacific on Atlantic grain demand, US-China deal \| S&P Global](https://feedsoft.ai/events/54984-panamax-freight-spikes-in-pacific-on-atlantic-grain-demand-us-china-deal-s-and.md) | -2.4% | -3.3% |
| SOY | 2021-12-13 | [Congressional push for Corps action of NESP on Mississippi River - Marine Log](https://feedsoft.ai/events/43809-congressional-push-for-corps-action-of-nesp-on-mississippi-river-marine-log.md) | +1.4% | +8.4% |
| 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% |
| CORN | 2023-09-22 | [US ag exporters at most risk from Panama and Mississippi restrictions - The Loadstar](https://feedsoft.ai/events/33986-us-ag-exporters-at-most-risk-from-panama-and-mississippi-restrictions-the.md) | +1.4% | +3.0% |
| CORN | 2026-03-17 | [Rail Auctions And Fuel Costs Lift Logistics Risks -](https://feedsoft.ai/events/20362-rail-auctions-and-fuel-costs-lift-logistics-risks.md) | +1.4% | -1.4% |
| CORN | 2019-07-12 | [Panama Canal Authority suspends latest draft restrictions on ships - FreightWaves](https://feedsoft.ai/events/57985-panama-canal-authority-suspends-latest-draft-restrictions-on-ships-freightwaves.md) | -3.2% | -7.0% |

## Sources

- revistacultivar.com: https://revistacultivar.com/news/Panama-mission-focuses-on-logistics-and-freight-reduction

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