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US East and Gulf Coast dockworkers and employers have begun preliminary moves toward negotiating a new contract to replace the Maine-to-Texas agreement expiring next year. No talks are scheduled and no formal proposals have been tabled.
Early contract talks create a longer-term labor risk for Gulf and East Coast grain and feed exports, but no near-term disruption is expected, so price impact is minimal.
joc.comJoseph A BonneySep 25, 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 (SRW) 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.
