Low levels along Panama Canal to slow U.S. grain shipments
A new report shows low levels along the Panama Canal are expected to impact U.S. grain shipments.
USDA’s latest Grains Transportation report shows Panama is having its worst drought in more than 100 years and could face record low levels along the famous Canal by mid-July.
The Department says restrictions on vessel size like large bulk ships carrying U.S. grain are expected, which in turn will slow the supply chain.
For the week ending June 15th, inspections on the Canal were down 26 percent from the previous week, down 40 percent on the year, and nearly 50 percent off the three-year average.