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Shipping delays are affecting farm inputs, building materials, electronics and autos, with the closure of the I-40 bridge in Memphis adding strain. Industry officials cite pandemic-driven shifts in consumer spending toward goods, leading to port queues, rail volume pressure and a truck driver shortage.
Congested ports and rail slow grain and oilseed exports and raise freight costs, which can widen basis and delay delivery of feed ingredients to buyers.
farmprogress.comGinger RowseyJun 1, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
