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The CUPE Local 375 longshore union began an unlimited strike on October 31 at two Termont terminals in the Port of Montreal. USDA reports that bulk grain handling is protected and unaffected.
Containerized agri-food exports such as lentils, pork and soybeans are expected to slow.
Slower containerized exports of pulses, pork and soybeans from Montreal may shift some flows to other routes, while bulk grain exports remain largely unaffected.
fas.usda.govNov 1, 2024After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
