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Canadian railways are setting grain shipping records, with year-to-date movement to Pacific ports two per cent ahead of last year's pace. Canada still expects a larger-than-desirable grain carry-over of about 9.4 million tonnes into the crop year ending July 31.
Strong rail throughput eases export logistics, but a large carry-over signals ample old-crop supply that tends to weigh on prices for feed grains.
manitobacooperator.caAllan DawsonMay 14, 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.
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.
