
The ILA's wage committee has unanimously backed a new six-year contract with USMX covering East and Gulf Coast ports, with a membership ratification vote scheduled for February 25. Final approval by USMX is expected by late February or early March, and the deal would be retroactive to October 2024.
Reduced risk of East and Gulf Coast dockworker disruption supports reliable US grain and soybean export flows, easing a freight and delivery risk premium.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.1% over 20.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% 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.