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More than 400 Viterra workers in Saskatchewan, represented by the Grain and General Services Union, were set to strike on Friday pending a final round of talks. The union has been negotiating a new collective agreement for over a year.
A strike at one of Canada's largest grain handlers could delay grain movement to port and tighten near-term supply availability, which is mildly bullish for wheat and canola-linked prices.
reuters.comRod NickelJan 4, 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.
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.
