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The Western Grain Elevator Association thanked CP and the Teamsters for reaching a negotiated settlement and the federal government for its role. The association said grain shippers will work to move as much grain as possible before the new crop harvest.
With the strike averted, grain shippers can resume normal movement, lessening the risk of carry-out and transport disruption that would have pressured prices for feed grains.
globenewswire.comWestern Grain Elevator AssociationMay 31, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
