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Eastern Oregon wheat producers are hoping a potential labor dispute at West Coast ports does not disrupt exports. The contract between the dockworkers union and 29 ports expires in July, and the outcome is uncertain.
The Port of Portland is a major outlet for exported wheat from the region.
A possible strike at Pacific Northwest ports would threaten export flows for US wheat and could widen basis spreads. For now the risk is prospective and the expiry is months away.
opb.orgAntonio SierraMay 18, 2022After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
