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DTN reports that Canadian railways and grain shippers are disputing performance, with Canadian Pacific arguing shippers should first move grain already in elevators. Primary elevator stocks were 3.457 million metric tons, and shipments fell to a six-week low of 894,900 metric tons.
Slower movement from elevators to port can keep Canadian canola and grain basis weak while stocks build, but the dispute itself has limited immediate price impact.
dtnpf.comCliff JamiesonNov 2, 2016Not enough comparable past events yet for a historical read.
After 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.
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.
