Loading…
Canadian Pacific Kansas City is preparing for a possible strike by about 3,300 workers next month as negotiations near a deadline. CEO Keith Creel says positions have not changed much and a conservative volume forecast reflects strike risk.
Combined with 6,000 CN workers, a stoppage could halt most Canadian freight rail traffic.
A near-total halt of Canadian rail would strand grain and potash shipments, pushing up freight costs and tightening feed grain supply to export buyers.
biv.comChristopher Reynolds, The Canadian PressMay 1, 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.
