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Rail strikes affecting Victorian grain movements remain on hold while Pacific National and the RTBU union continue enterprise bargaining. Around 10 trains were cancelled in March, and an interim arrangement from 31 March kept operations running for 11 days.
The new agreement would replace one that nominally expired in December 2016.
Rail disruption slows grain delivery to Victorian ports during a record harvest, adding demurrage and tightening port logistics, which supports local grain basis and freight costs.
graincentral.comHenry WellsApr 12, 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.
