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CP Rail Sets Record For First Quarter Grain Movement

CP Rail set a record during this year's first quarter for movement of Canadian grain and grain products, with more than 6.35 million metric tonnes moved.
 
The 2020 result broke the company's previous first-quarter record, set in 2016, by 300,000 metric tonnes.
 
CP's investment in high-capacity hopper cars will see 5,900 new cars added to the railway's grain shipping fleet. The new hopper cars can carry 10 percent more volume and 15 percent more weight compared to the older cars they are replacing.
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Making Soybeans Great Again! + A Fools Gold?

Video: Making Soybeans Great Again! + A Fools Gold?


Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.