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Canadian National Railway apologized for failing to move grain reliably by rail and said it is mobilizing more train cars and workers to clear the backlog. The statement was republished by a union site citing a Canadian Press report from March 7.
Clearing the rail backlog would restore Canadian grain flows to export positions, easing the basis and freight premiums that have built up on western grain.
blet.orgWalt SchmidtMar 8, 2018After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
