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The expanded Panama Canal, inaugurated in June 2016 after a nine-year, $5.25 billion project, added new locks that roughly double cargo capacity. The first Neopanamax ship transited the new locks carrying cargo bound for Asia.
Larger vessels able to pass the canal lower per-tonne freight costs on US Gulf and Pacific Northwest grain and oilseed shipments to Asia and Latin America. This can narrow export basis spreads over time.
inboundlogistics.comDec 29, 2016Not 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.
