Traffic transiting the Panama Canal fell 1.7% on a year earlier in November. While increased shipments by larger neopanamax vessels likely meant tonnage increased by 6.8% that was still slower than the 11.1% rate seen in the prior three months. Competition with the Suez Canal remains fierce and will become more so if the U.S.-China trade war widens. That’s lead Panama Canal authorities to reach a deal with the Brazilian port of Itaqui to promote commodity shipments via the Panama Canal to Asia. Itaqui has already seen a 24.8% increase in soybean exports, which represent 65.1% of...