
Gatun Lake averaged 85.80 ft in October, near its historical average for the month after a wet month refilled the reservoir. The canal restored pre-July slot rules and raised booking capacity to 33 slots a day, including 10 Neopanamax.
Suez capacity is returning, with all three alliances expected back by early 2027.
Easier Panama Canal water levels and a partial Suez return reduce routing constraints for grain and feed shipments to Asia and Europe, which could ease freight costs. El Niño still poses a risk to the dry season.
Not 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.