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Around 360 workers who run the Canadian side of the St. Lawrence Seaway walked off the job after wage talks broke down. About 100 ships were waiting outside the system, and more than $16 billion in goods had moved through the Seaway so far this year.
The stoppage halts a major shipping route for grain, steel and project cargo, which can delay exports and raise freight costs for North American agricultural shippers.
wwnytv.com7 News StaffOct 24, 2023Not enough comparable past events yet for a historical read.
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.
