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The Panama Canal increased total daily transit capacity to 34 slots, including 24 through the Panamax locks and 10 through the Neopanamax locks. Officials also raised the maximum Neopanamax draft to 50 feet, effective November 9.
More canal slots and deeper draft ease bottlenecks for grain shipments between US Gulf ports and Asia, which can lower freight costs and narrow Gulf-to-Asia basis spreads.
allagnews.comTony St. JamesNov 11, 2026Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
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.
