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Unifor and St. Lawrence Seaway Management Corp. returned to negotiations on October 27, with federal mediators involved. Ontario and Quebec premiers urged a settlement, and the Canada Industrial Relations Board was expected to rule on whether grain shipments must continue through licensed terminals.
Grain movement through Thunder Bay is the immediate price concern, and a prolonged dispute would keep Canadian grain export capacity constrained through the fall harvest marketing period.
dtnpf.comCliff JamiesonOct 27, 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.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
