Aug 23 (Reuters) - Canada's rail shutdown may still

delay loading of some bulk grain ships at the country's

west-coast ports despite the government's move to end a stoppage

at the nation's two largest railroads, traders and analysts

said.

At risk are more than 20 bulk cargo ships at or bound for

British Columbia ports as in-port grain stocks represent just a

fraction of what is scheduled to load over the coming weeks,

according to shipping industry and government data.

Exporters in the world's top canola producer and No. 3 wheat

shipper could rack up vessel demurrage penalties totaling tens

of thousands of dollars a day if ships sit idle waiting for

supplies, analysts said.

Although workers at Canadian National Railway ( CNI )

returned to work on Friday, their union said they will strike on

Monday and challenge the constitutionality of the government's

move to end the shutdown. Canadian Pacific Kansas City ( CP )

has yet to lift its lockout.

Thursday's stoppage marked the first time both railroads had

shut down simultaneously.

"The rail situation in Canada remains very fluid and

uncertain," Mike Steenhoek, executive director at the U.S.-based

Soy Transportation Coalition said in a statement.

Rail delays threaten the flow of grain from Canada's

prairies to export terminals just as farmers begin to harvest

their crops.

If disruptions persist, sales booked for loading in the

autumn are also at risk of being canceled.

"(Exporters) could try to declare force majeure and go into

arbitration ... or they can rack up the demurrage charges," said

independent analyst Wayne Palmer.

There were 20 bulk vessels anchored near or en route to Port

of Vancouver as of Aug. 19, earmarked for loading with 638,900

metric tons of canola and 428,200 tons of milling wheat,

according to vessel lineup data seen by Reuters.

Most of the canola was due to be shipped to China, while the

wheat was slated for various destinations in Asia, South America

and Africa, the data showed.

However, the commitments far exceeded commercial stocks in

Vancouver of 217,500 tons of canola and 216,100 tons of wheat as

of Aug. 11, according to the latest data available from

Statistics Canada.

Vessel-lineup data identified another two vessels bound for

Prince Rupert, British Columbia, to be loaded with 134,200 tons

of wheat. Wheat stocks there were just 11,900 tons, StatsCan

data showed.