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OmniTrax signed a non-binding memorandum of understanding to sell the shuttered Port of Churchill and Hudson Bay rail line to the Missinippi Rail Consortium of Manitoba First Nations. The sale still requires federal government review, and the 2017 grain season remains uncertain.
Whether Churchill reopens for the 2017 season affects the export route for Prairie grain and canola, which influences freight costs and regional basis for feed grains.
agcanada.comAGCanadaDec 28, 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.
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.
