Panama Canal expansion could improve competitiveness of US soy. Trade lanes will be altered in US and elsewhere
An extensive study coordinated by the United Soybean Board’s Global Opportunities program expects a new, larger shipping lane through the Panama Canal to double the area that draws US soy to Mississippi River destinations eventually destined for export through Gulf of Mexico ports.
The soybean checkoff-funded study, conducted by Memphis, TN-based Informa Economics, says the expansion of the Panama Canal, expected to be completed in 2014 “will eventually alter trade lanes” in the US and other countries.
The in-depth examination, recommended by the checkoff-funded Soy Transportation Coalition, claims a new, larger shipping lane for the nearly 100 year old short-cut between the Atlantic and Pacific Oceans.
Original source: Corn and Soybean Digest