# USGC, Panama Canal administration focus on trade | World-grain.com | February 15, 2017 15:15 | World Grain

> The U.S. Grains Council and the Panama Canal Authority signed a memorandum of understanding on the canal's importance to U.S. grain trade at a council meeting in Panama City. Panama Canal officials said 69% of canal cargo moves to or from the U.S., including about one-third of U.S. grain exports. The new locks, which opened in June 2016, allow larger shipments.

- Date: 2017-02-15 · published 2017-02-15T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/72391-usgc-panama-canal-administration-focus-on-trade-world-grain-com-february-15
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

The canal's larger locks can lower per-ton freight costs for U.S. Gulf and East Coast grain exports to Asia and South America. The agreement supports trade flows but does not itself change near-term prices.

## Sources

- world-grain.com: https://www.world-grain.com/articles/7737-usgc-panama-canal-administration-focus-on-trade

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