The Panama Canal is an excellent example of infrastructure that is being both maintained and improved. The original Canal opened in 1914, and it still continues to be used today. After the expansion, both the new and old infrastructure will be used to move soy and other commodities to markets around the world.
Please find below the soy checkoff’s resources on the Panama Canal expansion. If you have any questions or would like to set up an interview about the Panama Canal expansion’s impact on U.S. soy, please reach out to Heather Manhardt via firstname.lastname@example.org or at 314-236-6957.
Panama Canal and U.S. Soy
- Soy is the No. 1 U.S. ag commodity using the Panama Canal
- 44% of total U.S. soy exports move through the canal
- 600 million bushels of U.S. soybeans annually transit the canal
Panama Canal Expansion
- Creates a new lane of traffic along the canal through the construction of a new set of locks, doubling the waterway’s capacity.
- The expansion will offer increased loadings per vessel, decreased transit time and lower transportation costs overall.
- It is the largest project since the canal’s original construction.
Expansion Impacts on U.S. Soybean Farmers
- These efficiencies are huge opportunities for U.S. soybean farmers.
- However, soy still needs to move from fields to the Panama Canal, which requires the use of our domestic transportation infrastructure, such as locks and dams on rivers.
- Soybean farmers will not be able to take full advantage of the Panama Canal expansion unless the U.S. maintains and improves its infrastructure.