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Viterra locked out 51 grain operators at the Port of Montreal, effective January 30, 2018, after talks stalled over wages and scheduling. The union says the workers sought pay parity with other port employees, including time-and-a-half evenings and double-time nights.
A lockout at a major Montreal grain-handling terminal can slow export loadings of Canadian grain and oilseeds, tightening near-term export logistics and supporting basis and freight costs.
cupe.caJan 29, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
