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The Ninth Circuit sent RICO claims brought by CET against International Longshore and Warehouse Union members to arbitration. CET had alleged fraudulent timesheets led to $5.3 million in overbilling.
This is a legal ruling on a labor dispute with no meaningful effect on feed grain supply, demand or prices.
reuters.comDaniel WiessnerJun 28, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
