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Canadian farmers are facing a rail car shortage that has left grain shipments months behind, with only about 25 per cent of one Saskatchewan producer's grain moved this season versus a normal 50 per cent. The railways cite harsh winter weather, high demand and a shortage of cars and crews.
Slow grain movement tightens Canadian export availability and supports prices for wheat and canola, while farmers' cash-flow stress may delay selling.
cbc.caOlivia StefanovichMar 1, 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.
