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Canada's agriculture minister urged Canadian Pacific Railway and its unions to reach a deal to avert a strike. Teamsters Canada delayed strike action after federal Labour Minister Patty Hajdu intervened, and union members will vote on the company's final offer.
The dispute comes amid a backlog of grain shipments in Western Canada.
A CP rail stoppage would further delay Prairie grain and oilseed movement to port, tightening nearby supplies and supporting export basis. The delay lowers the immediate risk but leaves the disruption unresolved.
ipolitics.caKelsey JohnsonApr 21, 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.
