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B.C. floods cut the Port of Vancouver off from the rest of Canada, compounding existing supply chain problems. CN Rail has reopened the Kamloops to Vancouver corridor, but rail movements remain below requirements.
Industry sources warn that a backlog of Prairie grain may lose value if it cannot reach port before spring.
Stranded Prairie grain and delayed export shipments increase cash-market pressure on Canadian grain and weigh on prices. Delays also tighten export logistics for Asian buyers.
cwf.caDec 14, 2021After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
