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A Western Grain Elevator Association official said the federal government reintroduced extended interswitching in its 2023 budget, with the current limit at 160 km and the group pushing for 500 km. The association argues that rail competition is limited because CN and CP act as dual monopolies at many elevators.
Disruptions from the PSAC strike did not affect grain flows.
Greater interswitching could lower Prairie grain freight costs over time, improving farm-gate and export competitiveness. The effect on near-term futures prices is minimal.
grainswest.comtommy wilsonMay 15, 2023After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.
