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Kuhne & Nagel's William Rooney warned at the USDA Outlook Forum that a West Coast port work stoppage by ILWU workers would paralyze US West Coast, Gulf Coast and Canadian trade. The ILWU contract expired August 1, 2022, and talks have been ongoing since May 2022.
The risk of a West Coast strike threatens grain and feed export and import flows, which could widen basis and freight spreads if negotiations stall.
feedandgrain.comRoy GraberFeb 24, 2023Not enough comparable past events yet for a historical read.
After 48 past neutral logistics events, Soybean Meal moved a median +0.7% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and +0.7% 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.
