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CP Rail CEO Keith Creel said the company would not be held hostage in negotiations and was willing to accept short-term pain from a strike. Two unions representing about 3,400 workers had served a 72-hour strike notice.
Grain farmers warned that a strike would be devastating during planting season.
A prolonged strike would hold up grain and oilseed movements from the Prairies, tightening export availability and raising logistics costs. Financing strain on farmers during planting could also affect spring acreage decisions.
financialpost.comAlicja SiekierskaApr 18, 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.
