Moving right along, the days of supply chain issues are not over yet, but product movement out of U.S. ports is improving.
Ag economists credit the movement to better crate infrastructure and more transportation workers, but we have to rely on China to alleviate the rest of the backlog.
With recent COVID lockdowns, the Asian Nation has not been able to get people to the ports to unload and reload ships. Right now, about 565 million bushels of corn are waiting to be shipped to China, which is about one-third of pending U.S. sales.
Related:
Market analysts expect major shipping backlogs when Shanghai reopens on June 1st
A port logjam at the “World’s Factory” will soon impact global trade
Floating a Solution: Fixing inland waterways may help alleviate cargo ship backlog
Port congestion on west coast and in China continues to cause supply chain disruptions
