# Panama Canal Expands Daily Transits As Water Improves

> 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.

- Date: 2026-11-11 · published 2026-11-12T06:12:51.630Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/95029-panama-canal-expands-daily-transits-as-water-improves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-02-07 | [Transits Through the Panama Canal are Down 10%  \| SupplyChainBrain](https://feedsoft.ai/events/16969-transits-through-the-panama-canal-are-down-10-supplychainbrain.md) | +1.5% | -6.3% |
| CORN | 2018-04-09 | [More Traffic Projected in Panama Canal -](https://feedsoft.ai/events/65409-more-traffic-projected-in-panama-canal.md) | -0.2% | +2.2% |
| CORN | 2017-06-07 | [WEEKLY GRAIN MOVEMENT: River market improves as water levels drop](https://feedsoft.ai/events/70373-weekly-grain-movement-river-market-improves-as-water-levels-drop.md) | +0.6% | +1.5% |
| CORN | 2025-02-06 | [BIMCO: Panama Canal Transits Remain 10% Below Average Despite Lifted Drought Restrictions](https://feedsoft.ai/events/16964-bimco-panama-canal-transits-remain-10-below-average-despite-lifted-drought.md) | +1.4% | -7.2% |
| CORN | 2024-01-19 | [Panama Canal restrictions' impact on supply chains \| McKinsey](https://feedsoft.ai/events/32022-panama-canal-restrictions-impact-on-supply-chains-mckinsey.md) | +0.8% | -6.7% |
| SOY | 2025-02-07 | [Transits Through the Panama Canal are Down 10%  \| SupplyChainBrain](https://feedsoft.ai/events/16969-transits-through-the-panama-canal-are-down-10-supplychainbrain.md) | -2.9% | -4.7% |
| SOY | 2022-04-01 | [Panama Canal Proposes New Toll System, Raising Transit Costs](https://feedsoft.ai/events/41746-panama-canal-proposes-new-toll-system-raising-transit-costs.md) | +1.7% | +5.6% |
| SOY | 2018-04-09 | [More Traffic Projected in Panama Canal -](https://feedsoft.ai/events/65409-more-traffic-projected-in-panama-canal.md) | +2.0% | -0.6% |

## Sources

- allagnews.com: https://www.allagnews.com/panama-canal-expands-daily-transits-as-water-improves/

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