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Canadian grain industry groups estimate rail blockade costs will reach roughly C$300 million by the time network capacity normalizes, which could take 12 to 14 weeks. Grain backlogs totaled about 1.25 million tonnes as of the prior week.
Persistent rail backlogs keep Canadian grain export volumes constrained, supporting export-origin prices and tightening near-term availability for buyers.
freightwaves.comJoanna MarshMar 10, 2020After 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.
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.
