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More than 3,000 Canadian Pacific train crews walked off the job Tuesday night after contract talks with the Teamsters failed. A separate union of 360 signal workers reached a tentative three-year deal, and industry groups urged Ottawa to legislate an end to the stoppage.
A rail strike halts grain and potash movement on Canada's second-largest network, stranding exports and tightening supply to buyers, which supports canola meal and grain basis prices until service resumes.
theglobeandmail.comEric AtkinsMay 30, 2018Not enough comparable past events yet for a historical read.
After 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.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
