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The Wheat Growers Association urged Canada's new Labour Minister Steven MacKinnon to prevent a national rail strike before the CIRB's August 9 decision. The group said it had contacted the previous minister in April and May without response.
Grower pressure for intervention highlights the risk that grain movement is disrupted at harvest, which would delay Canadian wheat deliveries and support export prices.
caar.orgJul 23, 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.
