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Spanish stevedores called off four days of strikes that were set for March 17 onward. The walkout was cancelled after Congress rejected a government decree meant to break the stevedores' monopoly and align the sector with EU rules.
Negotiations were due to resume the following Tuesday.
Spanish port strikes mainly affect fresh fruit and vegetable exports, so the averted action has little effect on feed grain prices. Renewed stoppages would still matter for citrus and produce logistics.
fruitnet.comMaura Maxwell 2017-03-17T09Mar 17, 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 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.
