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A small delegation from the Union of Canadian Transportation Employees travelled to Ottawa to press the federal government to take back ownership of the Port of Churchill from OmniTrax. Workers say the port closure and cut rail service to one train a week have left the town short of groceries and fuel.
With the port shut and grain shipments halted, Western Canadian grain would have to move through other routes in 2017, tightening logistics and supporting basis and freight costs for feed buyers.
winnipegfreepress.comMia RabsonDec 13, 2016After 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.
