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Officials at the Port of Thunder Bay are monitoring the CP Rail strike and say impacts would take several days to appear. A lengthy strike would reduce grain shipments to local terminals and cut the number of ships calling at the port.
If the strike lasted, fewer grain shipments and ship calls at Thunder Bay would reduce export throughput and could widen Canadian grain basis discounts.
yourthunderbay.caNewsMay 30, 2018After 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.
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.
