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The Canadian Pacific Railway strike ended after two days when the company and the Teamsters agreed to binding arbitration, with service to resume at noon Tuesday. The stoppage had affected shipments of crude oil, petroleum products, agricultural goods, fertilizers and mining products.
Quick resolution limits the lasting supply-chain damage to North American fertilizer and agricultural shipments, reducing the risk of a prolonged price squeeze. Backlogs from the stoppage may still take weeks to clear.
spglobal.comJordan Blum, Filip WarwickMar 22, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
