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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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2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?

Video: 2026/27 South American Early Soybean Planting Pace a Record + A Repeat of 1998 in Hogs?


Despite a Super Strong El Nino the early South American soybean planting pace is ahead of schedule.
The long-term forecast looks dry for the North but wet for the South including Argentina.
China bought 1.5 mmt of U.S. soybeans this week with rumors of 2 mmt and now at 68% of 25 mmt commitment.
The question mark remains the Chinese pledge towards the $17 billion in ag purchases.
NOPA weekly crush report was lower than expected. Another hot U.S. wholesale inflation print this week.
Investors rotating out of AI
Weak U.S. pork demand weighing on hogs
+ CFTC.