◂ Event Timeline

Mar 3, 2020LOGISTICSCanada

CN Rail faces grain export backlog of 10,000 carloads -CEO

Canadian National Railway CEO Jean-Jacques Ruest said CN lost capacity equal to 10,000 carloads, or about one million tonnes of grain exports, in February due to protester rail blockades. He said grain exports would be the slowest supply chain to recover.

WHY IT MATTERS

Lost rail capacity delays Canadian wheat, canola and grain exports, leaving supplies stranded and supporting prices for competing origins while the backlog persists.

AFFECTSWHEAT▲CANMEAL▲

SOURCE
reuters.comMar 3, 2020

Price reaction & history

WHEAT▲bullishSO FAR1d +0.1%5d +6.1%20d -1.7%

After 283 past bullish logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.

Mar 3, 2020Sea Freight Rates Lift Grain Export Competitiveness+6.1%
Dec 20, 2019One month after CN strike, major grain backlogs remain - The Globe and Mail+0.3%
Jul 29, 2018Russian battle to keep up grain export pace | Countryman-1.2%
Jun 13, 2025Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk+1.4%
Jan 28, 2020Ongoing strikes slow French grain exports - Grain Central-0.5%

CANMEAL▲bullish

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.

WHEAT · GP ▸

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CANMEAL · GP ▸

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