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Western Canadian grain companies say slow rail deliveries are causing them to lose sales and pay penalties to foreign buyers. The two major railways delivered only 38% of ordered grain cars in the latest week, with CN supplying 17%.
Farmers are reporting full storage bins and cash-flow strain.
Grain stuck on the Prairies cuts Canada's export availability, which supports wheat prices in importing markets and tightens supplies of canola-based feed ingredients.
theglobeandmail.comEric AtkinsFeb 26, 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.
