# Contract Agreement Likely In The Next Few Weeks

> 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.

- Date: 2025-02-19 · published 2025-02-19T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/26049-contract-agreement-likely-in-the-next-few-weeks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced risk of East and Gulf Coast dockworker disruption supports reliable US grain and soybean export flows, easing a freight and delivery risk premium.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-13 | [WEEKLY GRAIN MOVEMENT: Gulf needs corn, processors do not](https://feedsoft.ai/events/70375-weekly-grain-movement-gulf-needs-corn-processors-do-not.md) | +0.7% | +10.1% |
| SOY | 2018-12-10 | [Panama Canal, Port of Itaqui sign agreement - FreightWaves](https://feedsoft.ai/events/61481-panama-canal-port-of-itaqui-sign-agreement-freightwaves.md) | -1.8% | -1.1% |
| SOY | 2025-11-21 | [Grain Movement Into New Orleans Shifts From Usual Routes This Fall - AgWeb](https://feedsoft.ai/events/16413-grain-movement-into-new-orleans-shifts-from-usual-routes-this-fall-agweb.md) | +1.4% | -6.5% |
| SOY | 2022-07-26 | [Controlling Draft On Lower Mississippi Increased To 50 Feet Through New Orleans - The Waterways Journal](https://feedsoft.ai/events/16696-controlling-draft-on-lower-mississippi-increased-to-50-feet-through-new-orleans.md) | +8.2% | +3.7% |
| SOY | 2017-05-30 | [Weekly Grain Movement - May 30, 2017](https://feedsoft.ai/events/70892-weekly-grain-movement-may-30-2017.md) | -0.5% | -2.1% |
| CORN | 2020-01-24 | [Contrary Currents For Barge Industry To Continue In 2020 - The Waterways Journal](https://feedsoft.ai/events/54981-contrary-currents-for-barge-industry-to-continue-in-2020-the-waterways-journal.md) | -2.5% | -2.5% |
| CORN | 2022-12-01 | [Senate clears bill to impose rail contract, block strike \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38254-senate-clears-bill-to-impose-rail-contract-block-strike-agri-pulse.md) | -3.3% | +1.9% |
| CORN | 2025-11-21 | [Grain Movement Into New Orleans Shifts From Usual Routes This Fall - AgWeb](https://feedsoft.ai/events/16413-grain-movement-into-new-orleans-shifts-from-usual-routes-this-fall-agweb.md) | +1.1% | +2.0% |

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/dockworkers-close-to-an-agreement

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.