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The Teamsters Canada Rail Conference is voting from April 8 to May 1 on a possible strike at CN and CPKC, which would cover about 8,500 workers. Talks continue with a federal conciliator, and a 21-day cooling-off period would begin May 1.
CN has signaled a more positive tone than CPKC, which serves North Dakota and Minnesota grain elevators.
CPKC's grain movements into U.S. export facilities through Kingsgate could be disrupted, tightening logistics for U.S. northern-tier grain and feed flows.
soyagrainsalliance.orgKatelyn EngquistApr 17, 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.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
