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Canadian Pacific reached a tentative agreement with the Teamsters and IBEW, averting a strike planned for April 21 and cancelling its embargoes on Canadian shipments. Union ratification votes on final offers remain pending and the Teamsters called the offer ridiculous, so a strike is not fully off the table.
A CP rail stoppage would disrupt grain and fertilizer movement from western Canada and the western US, so the averted walkout lowers near-term logistics risk and eases pressure on Canadian canola and wheat basis.
waterwaysjournal.netDavid MurrayApr 23, 2018Not enough comparable past events yet for a historical read.
After 44 past logistics events, Wheat (HRW) moved a median -0.7% over 5 sessions (48% higher; middle half -2.8% to +2.8%), and +2.7% 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.
