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Resilience360 says Canadian ports on both coasts still face congestion and rail car shortages after a month-long dockworker strike at the Port of Montreal in August and September. It expects operations not to normalize fully until November 2020.
Lingering rail and port congestion in Canada raises shipping delays and freight costs for grain and oilseed exports, which can widen basis and support ocean freight rates.
scmr.comPatrick BurnsonSep 24, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
