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CN Rail shipped a record 2.65 million tonnes of grain in March, beating the 2017 record by 7%. The company credited added capacity from capital investment, good weather and lower oil and potash traffic.
The backlog from landslides, a strike and blockades has nearly been cleared.
Faster rail movement helps Canadian grain reach export terminals, which eases logistics constraints and modestly weighs on Canadian cash grain prices.
manitobacooperator.caAllan DawsonApr 14, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 823 past logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +1.2%), and -0.1% over 20.
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.
