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Canadian National Railway began its recovery plan in Eastern Canada, recalling most temporarily laid-off staff, while Western operations are well on their way to recovery. Grain shipments to Canadian ports had dropped about 1.3 million tonnes, and elevators are filling up.
Gradual network recovery should slowly release stranded Canadian grain, easing the export squeeze and modestly reducing upward pressure on Canadian origin prices.
producer.comJeremy SimesMar 12, 2020After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
