U.S. and Canadian railroads continued to move significant amounts of grain in November as export demand boosted grain movements.
Last month’s World Agricultural Supply and Demand Estimates report from the U.S. Department of Agriculture anticipates U.S. soybean exports in the 2020-2021 crop year to grow to 2.2 billion bushels, compared with 1.7 billion bushels in 2019-2020.
And Canadian wheat exports are expected to total around 25 million metric tonnes (MMTs) in 2020-2021, compared with 24.6 MMT in 2019-2020.
In Canada, both CN and Canadian Pacific reported November-record totals that were just shy of the all-time records set in October.
CN moved 3.12 MMT in November, down from the 3.27 MMT moved in October but still well above the 3 MMT mark.
Read the full report here.
