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The International Dockworkers Council has threatened to paralyse worldwide shipments of Spanish goods if the government changes stevedoring law without consultation. The change could affect about 6,500 jobs and follows a European Court of Justice ruling.
A worldwide shipping stoppage would disrupt Spanish trade flows and raise logistics costs. The direct effect on feed commodity prices is likely limited.
theloadstar.comAlexander WhitemanFeb 14, 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 (SRW) 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.
