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Alberta Wheat and Barley Commissions say the CN strike damaged farmers' reputations with international buyers after crops failed to reach the coast on time. The groups want rail shipment classified as an essential service to prevent future labour disruptions.
Perceived unreliability of Canadian rail may push foreign buyers toward other origins, a modest bearish factor for Canadian barley and wheat export demand.
cbc.caHelen PikeDec 15, 2019Not enough comparable past events yet for a historical read.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
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.
