Panama Canal Transport Crisis May Impact US Grain Exports | Presented by CME Group
January 26, 2024
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1:11Now PlayingPanama Canal Transport Crisis May Impact US Grain Exports | Presented by CME Group
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as posted by the channelRelentless drought is causing major problems in the Panama Canal. With the canal’s water levels reaching historic lows, shipping traffic in 2023 was beset by delays and skyrocketing costs and the situation is not forecast to improve anytime soon.The Panama Canal provides the gateway to global markets for some 40% of US container traffic, so the crisis could have a big impact on US grain exporters in 2024. Presented by @cmegroup
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