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The Teamsters Canada Rail Conference is holding a strike vote covering more than 9,000 CN and CPKC workers, with voting running April 8 to May 1. If a mandate is granted, a strike could start no earlier than May 22.
Both sides report little progress in talks on contracts that expired in December 2023.
A simultaneous stoppage at both Canadian railways would halt most bulk grain movement from the Prairies to export ports, tightening origin basis and delaying deliveries, which supports prices for Canadian-linked grain and feed.
realagriculture.comAmber BellApr 26, 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.
