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CN is working to clear grain and propane backlogs as it restores rail service after the strike, aiming to move about 5,000 grain hoppers in a week versus nearly 6,900 before the stoppage. The railway says it will not prioritize any commodity and will not overwhelm its system.
Limited rail capacity during harvest backlog keeps Canadian grain logistics constrained, supporting basis and export pricing for Canadian grain.
supplypro.caMichael PowerDec 2, 2019After 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.
