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CP Starts The Year With Record Grain Movement

CP moved 2.22 million metric tonnes (MMT) of Canadian grain and grain products in January 2021, a six per cent increase over the previous record set in January 2020.
 
Overall, CP reportedly shipped 16 MMT of Canadian grain and grain products in the 2020-2021 crop year.
 
Joan Hardy, is CP's Vice-President Sales & Marketing Grain and Fertilizers.
 
She says CP, our customers and other supply chain participants have once again collaborated to move record amounts of grain through the month.
 
She notes despite a rainy start in Vancouver, CP's efficiency and the resiliency of the supply chain allowed for recovery through the month.
 
CP continues to move additional hopper cars into service each week.
 
Overall, more than 3,800 new hopper cars to its fleet via purchase or lease.
 
CP reports the new high-efficiency railcars carry 15 percent more grain by volume and 10 percent more by weight compared to the older cars they are replacing.
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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.