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Members of USW Local 6254 voted 99.4% in favour of strike action at the Société ferroviaire et portuaire de Pointe-Noire, which runs rail and port operations moving iron ore to Sept-Îles, Quebec. The union rejects employer demands for changes to seniority and promotion rules.
Conciliation sessions are scheduled for the week of April 22.
The dispute concerns iron ore logistics in Quebec and has little direct link to feed grain or oilseed flows, so the impact on feed commodity prices is minimal.
usw.caDenis St. PierreApr 10, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
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.
