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Grain farmers in eastern Ontario and western Quebec say the CN rail strike has cut off propane deliveries needed to dry harvested crops. One farm has about 250 tonnes of wet corn at risk of spoiling.
Lack of drying fuel could force spoilage and lower usable corn supply in eastern Canada, supporting local corn prices.
feedandgrain.comOct 2, 2020After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
