Loading…
Thousands of CP conductors and engineers walked off the job Tuesday night, with industries including grain, mining, aluminium and fertilizer warning of significant economic impact. Workers are seeking more predictable schedules to reduce crew fatigue, and talks continue with a federal mediator.
The strike threatens to halt grain and potash shipments during a period of tight rail capacity, raising delivery risk and freight costs that support Canadian feed grain and canola meal prices.
globalnews.caKatie DangerfieldMay 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.
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.
