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The U.S. Grains Council and the Panama Canal Authority signed a memorandum of understanding at a council event in Panama City, after more than 350 attendees toured the new Agua Clara locks. The council said about one-third of U.S. grain exports transit the canal.
The agreement focuses on promoting canal trade routes for U.S. agriculture.
Stronger canal ties support efficient U.S. grain export logistics, which can narrow freight costs to key buyers. The agreement is a trade promotion step with no immediate price effect.
feedstuffs.comFeb 16, 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.
