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Canadian Pacific Railway halted operations and locked out about 3,000 engineers, conductors and yard workers early on March 20 after talks failed. The Teamsters union said it had begun a nationwide strike over pensions, pay and benefits.
A nationwide shutdown of Canada's second-largest rail network blocks grain, canola and fertilizer movements to export terminals, tightening near-term supply and supporting Canadian wheat and canola meal prices.
reuters.comRod NickelMar 20, 2022After 283 past bullish logistics events, Wheat (SRW) 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.
