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CN's annual grain review reports a record 28.3 million tonnes of bulk grain moved to Vancouver and Prince Rupert in the 2019-20 crop year despite extreme weather, labour disputes and blockades. Containerized grain movement also hit a record, and the railway expects stronger results in 2021.
Record Canadian rail movement shows export capacity was adequate, so it has little price effect, though it confirms Western Canadian grain flows to Pacific ports.
northcoastreview.blogspot.comSep 10, 2020Not 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.
