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CN Rail reported record weekly grain shipments in February 2023, including 667,000 tonnes in week 27 and over 630,000 tonnes in week 29. The railway says it has consistently supplied 90 to 100 percent of requested hopper cars, though cold temperatures forced shorter train lengths in the latest week.
Strong rail throughput eases grain logistics bottlenecks and supports timely delivery of feed grains to Canadian and export markets, a modestly bearish factor for basis and freight costs.
highriveronline.comFeb 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
