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The Western Grain Elevator Association says delays loading vessels at Vancouver and Prince Rupert stem from inadequate rail service rather than grain shortages. The association disputes a MarketsFarm report that blamed low grain deliveries.
Record grain volumes were moved by CN and CP to the West Coast.
Rail bottlenecks slow Prairie grain movement to port, which can widen the spread between Canadian and other origins and affect export shipments to feed buyers.
agcanada.comAGCanadaMar 9, 2021After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
