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CN Rail says service has returned to normal after the strike, while a backlog of over 10,000 grain cars remains. Farmers report contracts from October and November still unshipped, delaying payment.
Lingering rail backlog delays Canadian grain deliveries, keeping nearby Canadian grain supplies tight into year-end and supporting regional prices.
globalnews.caChristopher ReynoldsDec 20, 2019After 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.
