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Pacific National freight train drivers began a 48-hour strike in protest at a proposed enterprise agreement that would cut pay by up to $19,000 a year. The company responded by locking out workers for the full week, halting transport of Victoria's record grain crop.
The union says the new terms would also extend travel distances and conditions.
A halt to rail movements of a record Victorian crop forces grain onto costlier trucks and strands supply at up-country sites. This tightens port-side availability and can weigh on farmgate prices.
abc.net.auJess DavisMay 1, 2017After 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.
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.
