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Operations at Canada's two largest railroads, CN and CPKC, stopped after labour talks failed. The companies locked out Teamsters members, and CPKC workers struck.
Freight trains halted, and grain and coal deliveries to Canadian export terminals were affected.
A full rail stoppage halts grain movement to Canadian ports, reducing export supply and supporting wheat prices while buyers look to other origins.
argusmedia.comAbby CaplanMar 25, 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 22 past bullish logistics events, Wheat (HRW) moved a median -1.2% over 5 sessions (45% higher; middle half -2.5% to +1.7%), and +3.9% 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.
