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Labour negotiations between the BC Maritime Employers Association and the ILWU Local 514 covering Canadian West Coast ports remain unresolved. A cooling-off period expires May 4, after which a strike or lockout could occur from May 5 if votes and notice are completed.
A possible strike at Vancouver and Prince Rupert could disrupt Canadian grain, canola and feed exports, supporting Pacific export basis and freight costs.
itn-logistics.comITNApr 29, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
