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Canadian exporters of grain, fertilizer and oil tried to divert shipments away from the Port of Vancouver after floods isolated it, but found few easy alternatives. The disruption is stalling the flow of Canadian commodities.
With few alternative routes, Canadian grain and oilseed export capacity falls, supporting prices for wheat and canola meal in export markets.
reuters.comRod NickelNov 17, 2021After 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.
