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Members of the Teamsters Canada Rail Conference are voting on a possible strike at CN and CPKC, with the vote running April 8 to May 1 and a earliest legal strike date of May 22. The Western Grain Elevator Association warns a stoppage would be near-absolute for bulk grain movement.
Grain sales were already flatlined by rail car shortages.
A stoppage at both major Canadian railways would be a double blow to grain logistics, likely widening Canadian export basis and supporting feed grain prices in export markets.
grainews.caGFM Network NewsApr 18, 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.
