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Cargo traffic was set to resume on the St. Lawrence Seaway on October 30, ending a seven-day stoppage after a tentative labour deal. SLSMC said more than 100 vessels had been trapped outside the waterway, and the deal awaited a member vote.
The reopening clears a backlog of grain and other cargo, easing freight pressure, though the agreement still needs ratification and the lost days are significant in a short shipping season.
theloadstar.comAlex LennaneOct 30, 2023Not enough comparable past events yet for a historical read.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
