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Canadian Pacific reports it moved a record 15,865 carloads of Western Canadian grain to Vancouver in October, and total grain movements rose 3.9% year over year. The railway says the performance shows it can handle the expected bumper crop but cannot guarantee repeat results.
Strong rail capacity reduces the risk of a repeat of the 2013-14 bottleneck, supporting timely Canadian grain and canola meal exports and limiting basis weakness.
infonews.caAbbey WestburyNov 7, 2016Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
