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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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Making Soybeans Great Again! + A Fools Gold?

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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.