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Canadian Pacific Railway and the Teamsters Canada Rail Conference reached a four-year tentative agreement that ended a strike within hours of its start. Full rail operations across Canada were set to resume Thursday morning.
Quick resolution limits the backlog of grain and oilseeds at Canadian terminals, so the market impact is largely transient. Buyers should expect normal rail flows to return.
feedandgrain.comDec 1, 2020Not 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 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.
