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Australian tug operator Svitzer faces an ongoing labor dispute with its unions after a planned lockout was blocked in court in mid-November. The unions and employer remain in conflict over the tug services that ports depend on.
Renewed industrial action at Australian ports could delay grain exports and raise port storage and freight costs, adding modest upward pressure on wheat and barley prices.
mecardo.com.auAdrian LadaniwskyjDec 1, 2022After 283 past bullish logistics events, WHEAT 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.
