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The Ontario Federation of Agriculture and allied groups urged Ottawa to keep grain, oilseed and fertilizer shipments moving through the St. Lawrence Seaway during the ongoing Seaway worker strike. They warned that grain storage in Ontario was filling and that the Seaway closes for winter in late December.
Stalled Seaway flows force grain into local storage and delay exports, widening Ontario basis and tightening near-term logistics for feed grain buyers in eastern Canada.
ngtimes.caNG TimesNov 2, 2023After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
