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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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USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!

Video: USDA Too High On 2026 Crop Yields + 26 U.S. Harvest From Hell!


USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.