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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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Fund year end, end of quarter and end of month selling has weighed on the grain markets. Will the USDA provide a gift in January, and do seasonals kick in? Rumors that China was buying U.S. corn are adding fuel to the fire.