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Quorum Corp says grain movement at Canada's West Coast ports was largely unaffected by the July British Columbia port strike, with about eight vessels cleared weekly and July volumes above the three-year average. A tentative settlement between the ILWU and BCMEA was reached, though backlogs may linger into coming months.
Grain exports continued through the strike because the Labour Code required bulk grain service, so the price impact on feed grains is minimal, with only possible backlog-related shipping delays later.
grainews.caReuters, GFM Network NewsJul 31, 2023After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
