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The Australian Workers' Union said GrainCorp handlers in New South Wales will hold impromptu one-hour strikes over the next 30 days, with as little as 10 minutes warning. The action targets one of Australia's major growing regions during harvest.
Short unannounced stoppages at a major NSW grain handler can slow loading schedules and export flows, which tends to firm Australian wheat and barley basis.
reuters.comPeter HobsonOct 29, 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.
