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Canadian Pacific Railway reported first-quarter revenue down 6% with grain revenue off 20%, citing a harsh winter, a two-day work stoppage and lower grain volumes after last year's Prairie drought. The CEO said the company expects tight Canadian grain supply to keep pressuring the railroad into the third quarter.
Lower Canadian grain volumes and rail disruption tighten movement of canola and feed grains, supporting Canadian origin prices.
financialpost.comJake EdmistonApr 28, 2022Not enough comparable past events yet for a historical read.
After 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.
