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Prairie elevators on CN tracks and Quebec farmers are pressing Ottawa to act during the week-long CN rail strike. The Western Grain Elevator Association wants rail service classed as essential to prevent future stoppages.
Continued stoppage squeezes elevator and farm marketing options, mainly affecting Canadian grain basis rather than global benchmark prices.
feedandgrain.comOct 2, 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 (SRW) 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.
