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A rail work stoppage between Canada's CN and CPKC railways and the Teamsters Canada Rail Conference began on 22 August. Agriculture groups estimated losses of over $43 million per day for grain farmers and about $11 million per day in lost canola seed exports, and welcomed federal action ordering binding arbitration.
Stalled rail movement of grain and canola delays exports and processing, which weighs on Canadian origin basis and supports prices for alternative supplies, while the government order should limit the duration of the disruption.
topcropmanager.comKaitlin BergerAug 26, 2024Not enough comparable past events yet for a historical read.
After 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.
