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G3 Global Holdings will build a grain terminal at Port Metro Vancouver by 2020 at a cost above $500 million, with capacity of eight million tonnes annually. The project aims to increase wheat and canola shipments to Asia and Latin America, though some warn it could worsen port congestion.
Added export capacity from Vancouver could ease handling bottlenecks for Canadian wheat and canola over time, but congestion concerns could raise logistics costs in the interim.
manitobacooperator.caGFM Network News, Rod NickelDec 21, 2016After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
