--- title: "Record North American Grain Volumes Might Change The Case For Investing In Canadian Pacific Kansas City (TSX:CP)" type: "News" locale: "en" url: "https://longbridge.com/en/news/292270192.md" description: "Canadian Pacific Kansas City reported record grain transportation volumes in June 2026, moving 2.8 million metric tonnes in Canada and 7.5 million metric tonnes south of the border. While this supports the company's volume thesis, near-term focus remains on cost discipline amid rising expenses. The opening of new hubs highlights expansion into temperature-controlled flows. Despite strong grain metrics, investors should monitor risks from potential macro weakness and softer volumes in other sectors like energy and chemicals." datetime: "2026-07-10T04:02:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292270192.md) - [en](https://longbridge.com/en/news/292270192.md) - [zh-HK](https://longbridge.com/zh-HK/news/292270192.md) --- # Record North American Grain Volumes Might Change The Case For Investing In Canadian Pacific Kansas City (TSX:CP) - In June 2026, Canadian Pacific Kansas City reported record grain transportation volumes, moving 2.8 million metric tonnes of Canadian grain and grain products and 2.5 million metric tonnes in the United States, including a quarterly record of 7.5 million metric tonnes south of the border. - These are the strongest Canadian grain movements since the 2020–2021 crop year and highlight how heavily agricultural shippers are using CPKC’s three-country freight network. - We’ll now explore how these record grain volumes, particularly the 7.5 million metric tonnes moved in the U.S. second quarter, influence CPKC’s investment narrative. The future of work is here. Discover the 31 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. ## Canadian Pacific Kansas City Investment Narrative Recap To own CPKC, you need to believe in the long term value of its three-country freight network and its ability to translate volume growth into efficient, profitable operations. The June grain records support that core volume thesis, but do not materially change the near term focus on delivering cost discipline while managing rising depreciation, materials and potential casualty costs, which remain a key risk to the earnings story. Among recent announcements, the opening of the Americold and Reli hub at Port Saint John stands out alongside the grain results. It shows CPKC expanding into temperature controlled, export oriented food and agricultural flows, which ties directly into the same shipper base that is driving record grain volumes and could support the company’s efforts to keep its network well utilized if other freight categories soften. However, even with strong grain volumes, investors should still be aware of the risk that prolonged North American macro weakness could... Read the full narrative on Canadian Pacific Kansas City (it's free!) Canadian Pacific Kansas City's narrative projects CA$18.5 billion revenue and CA$5.2 billion earnings by 2029. This requires 7.2% yearly revenue growth and about CA$1.1 billion earnings increase from CA$4.1 billion today. Uncover how Canadian Pacific Kansas City's forecasts yield a CA$127.84 fair value, in line with its current price. ## Exploring Other Perspectives TSX:CP 1-Year Stock Price Chart Three members of the Simply Wall St Community currently see CPKC’s fair value between CA$123.23 and CA$130.32, underscoring how much individual views can differ. You should weigh these against the possibility that weaker Energy, Chemicals and Plastics volumes could challenge the bullish grain story and consider several viewpoints before forming your own stance. Explore 3 other fair value estimates on Canadian Pacific Kansas City - why the stock might be worth just CA$123.23! ## The Verdict Is Yours Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. - A great starting point for your Canadian Pacific Kansas City research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision. - Our free Canadian Pacific Kansas City research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Canadian Pacific Kansas City's overall financial health at a glance. ## Contemplating Other Strategies? Early movers are already taking notice. See the stocks they're targeting before they've flown the coop: - We've uncovered the 6 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. - The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. - This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. 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