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The USDA Grain Transportation Report of August 29, 2024 says Canadian railroads CN and CPKC resumed operations after a Canadian Industrial Relations Board order ended a rail outage that began August 22. The board ordered binding arbitration and barred work stoppages during that process, and TCRC union workers returned to CPKC on August 26.
Service recovery is expected to ease the backlog of Canadian grain and oilseed shipments.
Restored Canadian rail service eases the export backlog and reduces the risk of disrupted canola and grain supplies, which limits upward pressure on meal and grain prices.
doi.orgAug 29, 2024Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
