Loading…
The Wheat Growers Association asked the Canadian government to let outside workers weigh and inspect grain at Vancouver's Cascadia Terminal, which it says unionized inspectors have targeted during the strike. Farm groups warn that the strike threatens shipments already affected by the Ukraine war.
A prolonged inspection bottleneck at Vancouver could delay wheat exports and add ship demurrage, supporting Canadian and global wheat prices.
airfreight.newsBloombergApr 26, 2023After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 22 past bullish logistics events, Wheat (HRW) moved a median -1.2% over 5 sessions (45% higher; middle half -2.5% to +1.7%), and +3.9% 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.
