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An agreement between the St. Lawrence Seaway Management Corporation and Unifor ended the strike that began October 22 at 13 Canadian locks, reopening the Great Lakes-Seaway system. Imports and exports had ceased for about a week while the union negotiated.
Reopening clears a backlog of soybean and grain exports from US Midwest and Canadian origins, easing near-term freight and transit constraints for feed ingredients.
iasoybeans.comIowa Soybean AssociationNov 2, 2023After 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.
After 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.
Not enough comparable past events yet for a historical read.
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.
