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The two-week Vancouver port strike interrupted shipments of food-grade Ontario soybeans in containers, with about $35 million of soybeans normally shipped in that period. The strike ended with the ILWU ratifying a new contract on August 4.
Soy Canada says customers are now weighing diversifying supply away from Canada.
Buyers shifting away from Canadian supply could weigh on Canadian soybean export demand over time, while higher Canadian container rates raise costs for exporters.
farmersforum.comAug 10, 2023After 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.
