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The Australian Workers' Union applied for a protected action ballot for 200 members at GrainCorp NSW sites, which could lead to refusals to load or unload grain during the upcoming harvest. The union says wages have lagged inflation while GrainCorp posts record profits, and talks are scheduled for the following Friday.
Possible strikes at GrainCorp's NSW terminals during the harvest peak could delay grain exports and widen basis, supporting Australian grain prices relative to world markets.
abc.net.auAmelia Bernasconi, David ClaughtonOct 10, 2024After 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.
