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CN Has Another Record Month

CN Rail has announced moving 7.76 million metric tonnes (MMT) of grain in the third quarter of 2020.
 
September marked the seventh straight month of record grain movements.
 
In August, CN moved over 2.43 MMT of Canadian grain compared to the previous record of 2.31 MMT set in 2014 and over 2.81 MMT in September compared to the previous record of 2.6 MMT set in 2016.
 
This performance follows five record months in March, April, May, June, and July.
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.