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Canadian Pacific union workers were scheduled to strike, which would be the third CP strike in six years. CP planned to run trains with management staff, but service would be hampered.
The Grain Growers of Canada asked the prime minister to intervene.
Reduced rail service threatens grain movement out of western Canada, raising delivery risk and freight costs that can lift Canadian feed grain and canola meal prices.
rrfn.comDon WickMay 29, 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.
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.
