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The Teamsters union representing about 9,000 CN and CPKC rail workers will hold a second strike vote from June 14 to June 29, because the current strike mandate expires June 30. The railways do not expect a work stoppage before mid-July, and the timing of the Canadian Industrial Relations Board decision remains unclear.
A second strike mandate keeps a near-term risk to Canadian grain and input movement alive, supporting export-linked grain prices and freight costs if the stoppage proceeds.
realagriculture.comKelvin HeppnerJun 12, 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.
