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About 300 longshoremen marched at the Port of Kalama, Washington, on 8 November to press for benefits matching those at Pacificor's Portland terminal. ILWU Local 21 represents 46 workers at Kalama Export, a grain export terminal owned by ADM, Marubeni and Mitsubishi, and talks have stalled for three years.
A labor dispute at a US grain export terminal raises the risk of strikes that could slow grain loadings from the Pacific Northwest, a modest upward factor for export basis and freight.
longshoreshippingnews.comNov 10, 2017After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
After 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.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
