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The Vancouver Grain Exchange declared an 'event of delay' due to the CN rail strike, letting British Columbia grain shippers avoid late-delivery penalties. The declaration covers major exporters including Cargill, Richardson and Viterra.
The contract relief eases the financial penalty of missed shipments but does not move grain, so the underlying export backlog and supply delay persist.
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.
