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About 180 grainhandlers at three Thunder Bay terminals operated by Viterra, Richardson and Superior Elevator issued a 72-hour strike notice after rejecting the companies' final offer. The United Steelworkers union said it is seeking a return to talks with help from a federal mediator.
Key disputes involve cost-of-living issues and pensions, and the previous contract expired Feb. 1.
Thunder Bay is a major Canadian grain export port, so a walkout would delay canola, wheat and other oilseed shipments and could widen Canadian basis and export spreads. Supportive for prices of Canadian meal and grain if the strike proceeds.
northernontariobusiness.comNewswatch StaffMay 18, 2023Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, WHEAT 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.
