Panama Canal expansion could boost US soybean industry. Trade lanes to be altered between United States and others
An extensive study coordinated by the United Soybean Board expects an enlarged Panama Canal to double the area that draws US soy to Mississippi River destinations eventually destined for export through Gulf of Mexico ports.
The study says the expansion of the Panama Canal, expected to be completed in 2014, “will eventually alter trade lanes” in the United States and other countries.”
The broadened canal will expand the average area that draws US soy and grain to the Mississippi River for barge transit to central Gulf of Mexico ports from 70 miles to over 150 miles.
Original source: Southwest Farm Press