# Port strike ‘would be devastating’ for ag, economy

> 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.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/40940-port-strike-would-be-devastating-for-ag-economy
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-28 | [Argentina Calls Meeting to End Grains Port Strike \| Feed & Grain](https://feedsoft.ai/events/49667-argentina-calls-meeting-to-end-grains-port-strike-feed-and-grain.md) | +4.2% | +8.4% |
| SOY | 2023-10-24 | [What does Canadian seaway worker strike mean to north country economy?](https://feedsoft.ai/events/33672-what-does-canadian-seaway-worker-strike-mean-to-north-country-economy.md) | -0.3% | +6.3% |
| SOY | 2021-01-08 | [Argentine port strike with port-side grain inspectors ends \| 2021-01-08  \| World Grain](https://feedsoft.ai/events/49136-argentine-port-strike-with-port-side-grain-inspectors-ends-2021-01-08-world.md) | +5.6% | +0.5% |
| SOY | 2024-11-01 | [Canada: Port of Montreal Labor Strike \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/27423-canada-port-of-montreal-labor-strike-usda-foreign-agricultural-service.md) | +3.4% | +0.7% |
| SOY | 2024-12-12 | [Chances of a Strike at East Coast and West Coast Ports are Growing; Here's How it Could Impact Farmers - Pork Business](https://feedsoft.ai/events/27003-chances-of-a-strike-at-east-coast-and-west-coast-ports-are-growing-here-s-how.md) | -4.4% | +1.8% |
| CORN | 2022-11-29 | [Looming rail strike threatens biofuel, ag transport - E&E News by POLITICO](https://feedsoft.ai/events/38720-looming-rail-strike-threatens-biofuel-ag-transport-e-and-e-news-by-politico.md) | -3.8% | +0.6% |
| CORN | 2021-01-08 | [Argentine port strike with port-side grain inspectors ends \| 2021-01-08  \| World Grain](https://feedsoft.ai/events/49136-argentine-port-strike-with-port-side-grain-inspectors-ends-2021-01-08-world.md) | +7.0% | +13.3% |
| CORN | 2022-06-30 | [Argentina trucker strike ends, boosting grains exports](https://feedsoft.ai/events/14029-argentina-trucker-strike-ends-boosting-grains-exports.md) | +1.0% | -16.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/business/port-strike-would-be-devastating-for-ag-economy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.