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Canada's two largest railways moved record grain tonnage in April

MONTREAL - Canada's two largest railways say they moved a record amount of grain out of Western Canada in April.
 
Canadian National Railway says it shipped 2.72 million tonnes of grain, while Calgary-based rival Canadian Pacific Railway says it moved 2.64 million tonnes.
 
Montreal-based CN says its grain shipments for the month compared with a three-year average of 2.23 million tonnes.
 
Allen Foster, CN's vice-president of bulk, says the 21.1 million tonnes of grain moved in the first nine months of the crop year was 8.2 per cent or 1.6 million tonnes above the three-year average.
 
Meanwhile, CP Rail says its April shipments beat the previous monthly high from last October. Train lengths and weights were the best April in the railway's history.
 
Both railways also say they have ordered new hopper cars to support increased capacity.
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.