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A CN Railway strike has left propane supplies low in Ontario and Quebec, and grain shipments by rail are stalled. The Canadian government will not reconvene parliament until December 5, and grain companies are less willing to fill elevators, which may weaken cash bids.
Rail disruption in Canada slows grain movement to port and pressures cash prices for farmers who need to sell before year-end, while high energy demand for drying adds cost pressure.
realagriculture.comBrennan TurnerNov 23, 2019Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
