Loading…
RailState reports that Canadian railroads are close to matching pre-strike volumes, with Vancouver traffic in line with pre-strike levels and Prince Rupert back to its pre-strike average. CN cleared its container backlog at western ports within about two weeks.
No significant widespread surge in volume has occurred to clear the backlog.
Rail normalization reduces the export bottleneck, but the lost volume means the backlog persists, keeping Canadian export logistics a modest supporting factor for prices.
railstate.comRailStateAug 18, 2023Not enough comparable past events yet for a historical read.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
