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Some 7,500 ILWU dock workers struck at Canada's Pacific ports on July 1 and returned after a 13-day stoppage. A tentative four-year wage deal was reached, pending ratification, and the strike had disrupted Port of Vancouver and Prince Rupert operations.
Resuming operations at Vancouver and Prince Rupert eases the backlog of grain and commodity exports, which should reduce upward pressure on ocean freight rates.
genesisfertilizers.comCaitlinJul 19, 2023Not 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.
