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DTN's year-end review ranks US and Canadian port and rail labour unrest as a top 2024 ag story, citing the Teamsters-CN/CPKC dispute and the Oct. 1-3 US East and West Coast port strike.
It frames the disruptions by their effect on agricultural trade.
Repeated labour disruptions at ports and rail raise freight costs and delay exports, which widens spreads between interior and export basis. The review summarises past events rather than adding new supply.
dtnpf.comMary KennedyDec 18, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
