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CN And CP Moved Over 18 Percent More Grain This Crop Year

In the 2013-2014 crop year, 38,461,953 million tonnes of Western grain were moved, which is 18.8 percent higher than the volume moved during the previous crop year. The average length of haul of 945 miles was just one mile, or 0.1 percent higher, than the previous crop year.
 
CP's grain revenue of $623,620,236 was $1,653,714 below its entitlement of $625,273,950.
 
CN’s grain revenue of $672,110,852 was $4,981,915 above its entitlement of $667,128,937. 
 
CN now has 30 days to pay the amount by which they exceeded their 2013-2014 revenue entitlement, in addition to a five percent penalty of $249,096. Government regulations stipulate that such payments must be made to the Western Grains Research Foundation, a farmer-financed and directed organization set up to fund research that benefits Prairie farmers.

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

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.