
Workers at Canadian National and Canadian Pacific Kansas City may strike, and the companies have suspended some shipments amid stalled talks. A strike affecting 9,300 employees would start April 22 if no deal is reached, and the two railroads move as many as 40,000 carloads a day.
Rail disruption across Canada and into the US would delay grain, oilseed and fertilizer movements, widening basis and freight costs for buyers of Canadian and US-origin feed ingredients.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
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.