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Supply Chain Dive reports that logistics managers have been preparing for a possible strike by roughly 10,000 Canadian railroad workers represented by the Teamsters Canada Rail Conference. The Canadian government will decide by August 9 whether a stoppage would threaten health and safety, and a strike could legally begin 72 hours after that decision.
A Canadian rail stoppage would halt grain movement from prairie elevators to ports just as harvest approaches, tightening export logistics and supporting Canadian and global wheat, canola and meal basis and prices.
supplychaindive.comLarry AvilaJul 24, 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.
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.
