Vancouver and Prince Rupert terminal elevators are operating at 96% of combined working capacity, according to Quorum's week 37 update. The Vancouver vessel lineup was 23 ships, about 15% above its one-year average.
Western Canadian port shipments are running 6% above last year and 8% above the three-year average.
Little storage buffer at West Coast terminals raises the risk that any vessel or rail disruption quickly creates backlogs and wider Canadian basis discounts. Strong throughput also reflects heavy export demand for Canadian grain.
Not enough comparable past events yet for a historical read.
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.