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The Seaway strike has left ships unable to load or offload at the Port of Thunder Bay on Lake Superior. Port CEO Chris Heikkinen said grain was still being offloaded to rail for now, but shipments could slow or stop if the strike lasted more than a couple of days.
Thunder Bay is a key outlet for Western Canadian grain and potash, so a lasting halt would cut export capacity and could weigh on Canadian grain prices while supporting rail and trucking costs.
cbc.caMichelle AllanOct 24, 2023After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
