Loading…
Grain Workers Union Local 333 went on strike at Vancouver on September 24 after a 72-hour notice and failed talks. Canada's largest port handles about 52% of the country's grain, and the Grain Growers association estimated the stoppage could hold up about 100,000 metric tons daily.
Its estimated cost was about $26 million per day.
Losing about 100,000 tonnes a day of Pacific-bound grain capacity tightens near-term supply to Asian buyers and can lift freight and competing origin prices. Limited alternative corridors make the export impact harder to offset.
ttnews.comThomas SealSep 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
