The United States has secured two deals involving the Panama Canal after months of back and forth over the key waterway.
In last night’s cabinet meeting with the President, Secretary of Defense Pete Hegseth shared that the Panama Canal Authority has agreed to allow U.S. military vessels to pass through first and free.
A memorandum of understanding has also been signed between the two countries to secure the Panama Canal from Chinese influence.
A military base for both the U.S. and Panama has been established, the Defense Secretary went on to describe Panama’s President as very complimentary of the U.S., calling him a great ally.
More than 40% of the United States container traffic, worth nearly $270 billion, passes through the canal each year.
With the latest detection just across the border, animal health officials on both sides are intensifying efforts to contain the outbreak before it spreads further north.
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All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
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Farmers await concrete trade commitments from China. Until then, export prospects for soybeans, corn, and sorghum remain uncertain against strong South American competition.
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