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About 3,200 Canadian National (CN) conductors, train and yard workers walked off the job over working conditions and benefits. The strike hits a critical shipping period, when CN typically moves about half a million tonnes of grain a week.
Stalled rail movement delays grain and oilseed exports from Western Canada, tightening nearby supply and pressuring Canadian basis while supporting prices for competing origins.
feedandgrain.comOct 2, 2020After 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.
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.
