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LatinAmerican Post reports the expanded Panama Canal is on track to handle about 15 million TEU this fiscal year, up from 12 million last year, with fiscal 2017 tonnage close to the 399 million tonne budget. The Canal Authority says container services have deployed faster than expected, with four new services recaptured from Suez.
Strong canal container throughput signals healthy Asia-US East Coast trade flows, which supports the logistics network for US feed and grain exports but has little direct price effect.
latinamericanpost.comRicardo AvellaMay 8, 2017Not 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.
