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The Agricultural Producers Association of Saskatchewan urged a quick end to the federal strike, warning that about 3,000 agriculture-related workers, including grain inspectors, are affected. It said delayed inspections will create port backlogs and demurrage costs for grain companies.
Port backlogs from delayed inspections raise shipping costs and can slow Canadian grain exports, supporting Canadian wheat and canola basis.
ukragroconsult.comApr 27, 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.
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.
