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Canadian grain exporters are shipping heavily as lockdowns and lower coal and crude volumes free up rail capacity. Canada exported a record 959,900 tonnes of wheat in the week ended May 10, and canola exports are 8% ahead of last year.
Vancouver grain unloadings for 2019-20 are up 6% from average.
Efficient rail and port capacity supports Canadian wheat and canola export flows, which can ease logistics costs for feed buyers. The article warns that the autumn harvest will be a stiffer test for the system.
agcanada.comAGCanadaJun 18, 2020
grainews.caRod Nickel, GFM Network NewsJun 18, 2020After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
