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The Montreal Port Authority held its annual meeting virtually and reported 2019 results. Total cargo reached 40.6 million tonnes, up 4.3%, and containerized cargo set a record of 15.1 million tonnes.
Dry bulk rose 17%, mainly from the grain terminal resuming after a 2018 labour stoppage.
Record container and grain-terminal throughput at Montreal shows steady eastbound and Midwest export flows for feed grains. The impact on prices is small because the figures are historical.
newswire.caMontreal Port AuthorityJun 15, 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.
