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CN Rail Continues Setting Grain Records

CN Rail has announced that for the 11th consecutive month it has set a new record by shipping over 2.95 million metric tonnes (MMT) of Canadian grain and processed grain products via carload in January. This exceeds the previous January record set in 2019 of 2.33 MMT by 27%, as well the three-year average of 2.24 MMT by 32%.
 
This brings the volume of grain moved via carload in the first half of the 2020-2021 crop year, which spans from early August to the end of the following July, to over 17.5 MMT.
 
This is 24% higher than the three-year average of 14.1 MMT, and 17% higher than the record of 14.9 MMT set in the 2018-2019 crop year.
 
CN is also breaking records with over 600,000 metric tonnes of grain moving direct from western Canada via container, in addition to volumes shipped from eastern Canada.
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Iran War = “Trend is Your Friend” Short-Term BUT……

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Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.