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Spanish rail unions CCOO and SCF launched a 23-hour strike on February 9, 2024, with 65 percent of rail freight services expected not to run. Further two-hour UGT strikes were scheduled for several Mondays in February.
Rail freight stoppages in Spain disrupt inland movement of feed ingredients and grain to ports and mills, which can tighten local supply and raise short-term delivered costs.
railfreight.comNikos PapatoliosFeb 9, 2024Not enough comparable past events yet for a historical read.
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.
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.
