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More than 3,000 CP conductors, engineers, and train and yard workers were off the job after talks failed by a midnight deadline. The work stoppage threatened to disrupt US agricultural exports moving through Canadian rail links.
Stranded rail cars would delay US grain and oilseed shipments to export markets, pressuring basis and supporting soybean and corn futures in the short term.
apnews.comMar 20, 2022After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
