Supply Chain
A labor dispute that shut down operations at Canadian Pacific Railway Ltd on Sunday is set to aggravate a shortage of commodities, and a prolonged lockdown could hurt farmers ahead of the spring planting season.
The Northwest Seaport Alliance is partnering the USDA to bring the Port of Seattle a 49-acre pop-up site that will accept both dry and refrigerated agricultural products for temporary storage.
Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.
Hundreds of trucks, recreational vehicles and cars were circling the outskirts of Washington on Sunday, threatening to cause traffic backups around the capital as part of a protest against pandemic restrictions.
Russia’s trade and industry ministry has recommended the country’s fertilizer producers temporarily halt exports, the ministry said Friday, in a sign that sanctions imposed could have a global impact.
Chicago wheat futures rose sharply on Monday after hitting 13-1/2 year highs on Friday, lifted by concern that Russia’s invasion of Ukraine and Western sanctions will continue to disrupt Black Sea region grain exports.
Pesticide and seed producer Bayer said on Monday a supplier of an ingredient for its widely used herbicide glyphosate has run into technical problems which may hamper Bayer’s output of the product in the short term.
No matter where you travel across the country right now, farmers share similar concerns. The latest Ag Economy Barometer fell to its lowest reading since July 2020 as the input situation weighs outlooks.
While it still pops up in conversation, the “supply chain” has become our go-to explanation for things that are not our fault — and some that are.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.