Loading…
A Canadian rail shutdown at the two largest railroads was ended by government action, but it may still delay loading of bulk grain ships at British Columbia ports. More than 20 bulk ships are at risk, and in-port grain stocks cover only a fraction of scheduled loadings.
Delayed loadings at west-coast ports would slow Canadian canola and grain exports and could raise ocean freight costs. Buyers may face tighter near-term supply and wider basis.
reuters.comKarl PlumeAug 23, 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 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.
