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Labor and management are reportedly on a collision course over labor-saving automation at West Coast marine terminals ahead of the expiration of the longshore labor agreement in about two years. Sources say the risk of major port disruption has not abated despite the pandemic.
A potential future port labor dispute on the West Coast could disrupt US grain and feed exports, adding risk premium to logistics costs, though no stoppage has occurred yet.
joc.comPeter Tirschwell, Vice President }May 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 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.
