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Prairie grain exporters have raised concerns about slowing grain deliveries through Prince Rupert on Canada's west coast. CN Rail acknowledged it was blindsided by growth in intermodal traffic, which has reduced its capacity to serve the grain sector.
Prince Rupert now ranks third among the three main grain ports CN serves.
Slower rail movement from the prairies to the coast can build terminal backlogs and widen basis discounts for Canadian grain. Buyers may face delayed cargoes from Canada.
northcoastreview.blogspot.comPosted by
.Dec 8, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, WHEAT moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% 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.
