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Saskatchewan farmers want the Port of Churchill and its rail line restored, since up to 500 northern farmers used them to export wheat, barley and other crops. The port was shut by Omnitrax last year.
The rail line was badly damaged by spring flooding and there is no highway into Churchill.
The port remains closed, so northern Saskatchewan grain must move through more distant terminals at higher cost. Reopening is not imminent, so there is no near-term price effect.
cbc.caGuy QuennevilleAug 3, 2017After 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.
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.
