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Quorum Corporation said Canadian grain shipments to the three major ports have been moving smoothly, with only sporadic rail problems. Overall grain volumes were up 3.9 per cent at the end of October, with Prince Rupert up 18 per cent and Vancouver up 4.4 per cent.
Steady rail and port throughput means no logistics-driven supply squeeze for Canadian grain, so there is little price impact. Rail capacity competing with crude and potash is a watch item.
grainews.caGFM Network NewsNov 27, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), 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.
