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Canadian grain shipments are in strong demand as mills and governments build staple stocks during the COVID-19 pandemic. Port of Thunder Bay grain shipments doubled year over year in March.
CN Rail said it cleared its blockade backlog with record March grain volumes.
Strong export demand for wheat and durum supports Canadian wheat prices and keeps grain moving through the rail and port system.
topcropmanager.comAlex BarnardApr 7, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
