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The contract between West Coast shippers and the ILWU dockworkers expires July 1, and the two sides have been in talks since May without a deal. A strike would divert traffic to Gulf and East Coast ports and worsen delays and cost increases for agricultural exporters.
A West Coast port strike would disrupt US grain and oilseed export flows, raising ocean freight costs and shipping delays that could pressure export basis and freight rates.
farmprogress.comTim HeardenJun 30, 2022Not enough comparable past events yet for a historical read.
After 297 past bearish logistics events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 359 past bearish logistics events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% 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.
