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CN and CP executives told a House of Commons agriculture committee in Ottawa how they are clearing the prairie grain backlog, including recalling retirees, delaying vacations, hiring and leasing locomotives. Grain producers have asked the federal government for an order-in-council forcing minimum grain volumes to be moved.
A possible federal order forcing minimum rail volumes would speed grain exports and ease the export bottleneck, while continued delays keep Canadian grain and canola prices supported.
financialpost.comAlicja SiekierskaMar 19, 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.
