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Protests tied to a B.C. First Nation's pipeline opposition have blocked CN rail lines, closing the line to Prince Rupert for six days and cutting west coast grain shipments by about 30 percent.
Vessels are waiting at the port and CN warns it may shut significant parts of its network.
Grain and oilseed export capacity on the west coast is reduced, creating a shipping backlog that tightens near-term Canadian supply to export buyers and supports nearby cash prices.
farmnewsnow.comAlice McFarlaneFeb 12, 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.
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.
