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Grain movement to Prince Rupert has been reduced about 30 percent after the line was closed for five days by blockades supporting Wet'suwet'en opposition to a pipeline. Federal minister Marc Garneau says provinces must act on injunctions, and grain firms want the blockades ended.
Reduced West Coast grain throughput tightens export capacity and can support Canadian grain and oilseed prices while buyers face delays.
cjwwradio.comNeil BillingerFeb 12, 2020After 283 past bullish logistics events, Wheat (SRW) 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.
