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Farms.com Home  › News

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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Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.
 
 
A deeper look at Canadian #AgTwitter
Man. ag Crown land consultation

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