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Longshore workers at Louis Dreyfus Co.'s export grain terminal at the Port of Seattle ratified a new collective bargaining agreement by a 93% yes vote. The deal follows three years of negotiations that began in 2018, and the union says it will set a benchmark for other foreign-owned grain exporters in the Pacific Northwest.
The deal removes a labor risk at a US export terminal, so it is unlikely to move prices. It may reduce the chance of future strikes at Pacific Northwest grain ports.
world-grain.comArvin DonleyOct 26, 2021Not 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 (SRW) 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.
