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Table 2 Descriptive statistics for monthly and monthly- transformed data

From: Estimating a global demand model for soybean traffic through the Panama Canal

Variable

Mean/ Standard Deviation

Highest/Lowest Value

Soybeanmt (MT)

1,031,392/ 1,040,476

5,041,297/ 62,167

Tollrate ($/ PC/UMS)

4.37/ 0.87

5.82/ 2.90

Soybeanbasis ($/bushel)

60.36/ 32.64

212.16/ -9.08

Gulfpnwspread ($/MT)

21.67/ 8.74

60.9/ 8.31

Spreadcargo (million bushels)

45,590/ 36,071

148,597/ -14,775

Avgdollarindex

91.31/ 6.53

103.2/ 80.2

BDI

2297/ 2316

10.843/ 306

Bunkerhouston ($/ ton)

427.9/ 149.9

722.1/ 126.0

Brazileastasiamt (MT)

2,736,524/ 2,485,920

9,952,497/ 0

162 observations