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The federal government brokered a deal to transfer the Hudson Bay Rail, Port of Churchill and Churchill Marine Tank Farm from OmniTRAX to a Canadian consortium effective Friday. The union says the deal does not address underlying problems, including the sale of the Canadian Wheat Board.
Churchill is a key Canadian grain export route via Hudson Bay, so ownership change and continued instability could affect prairie wheat and barley logistics.
ucte-ucet.caUCTE-UCETAug 31, 2018After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
