Loading…
More than 200 importers, exporters, logistics firms and retailers urged the White House to intervene in West Coast port labor talks between the ILWU and the Pacific Maritime Association, which have run since May. The groups warned that the lack of a contract adds to supply chain stress.
A possible West Coast port strike would threaten US export shipments of grain, meal and feed ingredients, so rising strike risk could lift US export freight costs and widen basis.
agweb.comMar 27, 2023Not enough comparable past events yet for a historical read.
After 284 past neutral logistics events, Corn moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.4%), and -0.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
