1428 ET - Canadian Pacific Kansas City may benefit from another strong grain transport year after record production in Western Canada. CIBC's Kevin Chiang notes the 2025-26 year saw grain production reach 85 million metric tons, which created concern that it would create difficult comparatives for this year. While levels are expected to be down, "grain looks to be less of a headwind than feared," he says, noting that Agriculture and Agri-Food Canada expects 2026-27 total principal grain production to come in at 101.517 million tons, versus 107.106 million tons in the prior year, representing a 5.2% decline which "remains healthy, even if down Y/Y."