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Rail volumes through Canada's West Coast ports of Vancouver and Prince Rupert have largely returned to normal after the summer longshore strike. RailState data show overall train volume has not yet caught up, and no large surge in volume to clear the backlog has appeared.
Lost July volumes may never be recovered, so export logistics from Western Canada stay constrained, which can support basis and spreads for Canadian grain and oilseeds.
freightwaves.comJoanna MarshAug 18, 2023Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
