June 26 will be the Grand opening of the expanded Panama canal. According to the AGN.World Grain.com.

The construction lasted 9 years and cost of 5.29 billion. The bulk of the costs went into creating deeper locks. The expanded channel will have twice the throughput and a higher efficiency, reliability and quality of service.

The updated Panama canal, the cost of transporting grain from the corn belt of the United States in Asia will fall by 12%, which will increase the competitiveness of American grain. Savings will be achieved through the increased capacity of vessels that can pass through the channel.

According to estimates of Rabobank, the capacity of ships grain to grow by 25%. As a result, will increase the volume of grain exported through the route from the Mississippi to Asia. The ports of the Gulf of Mexico will regain its positions in the export of grain, which they in the last decade have passed the ports in the North-West Pacific coast.