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CP Rail Sets January Record For Grain Movement

CP Rail moved 2.22 million metric tonnes (MMT) of Canadian grain and grain products in January 2021.
 
This exceeds the previous January record in 2020 by 6 percent.
 
CP has shipped 16 MMT in the 2020-2021 crop year, exceeding the amount shipped at this time in the 2019-2020 crop year by more than 13 percent.
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The 2026 Trump/Xi Summit in China was one BIG disappointment, but the USDA May Crop Report was bullish U.S. wheat. Wheat Quality Council Tour confirmed the lower wheat production from the USDA for Kansas. Could the U.S. drought travel East and North into the top “I” states from June to August of 2026? #1 U.S. pork buyer Mexico bans 10% of supplies. E15 passes through U.S. Congress but will it pass in the Senate? Higher U.S. wholesale inflation reminds us of 2020-2022. Meal futures spiking + CFTC.