CP Rail Sets New Monthly Record

CP Rail moved more Canadian grain and grain products in November 2019 than any month in its history.

 

CP delivered 2.74 million metric tonnes (MMT) during November, beating the October 2019 all-time record of 2.66 MMT.

 

"CP achieved great things last month for the Canadian grain supply chain in close collaboration with our trusted supply chain enablers," said Joan Hardy, CP's Vice-President Sales and Marketing, Grain and Fertilizers. "The CP team will keep open the lines of communication with shippers and government leaders as we push to become even more effective and efficient to meet the growing needs of Canada's agricultural sector."

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.