Oct 14, 2021

President Tries to Relieve Supply-Chain Bottlenecks

Containerized agricultural exporters rely heavily on Los Angeles, Long Beach port complex to move products overseas

source: USDA Grain Transportation Report

On Wednesday, October 13, President Biden announced the Port of Los Angeles would begin operating around the clock, joining Long Beach, which already operates 24/7.

The expanded hours are to help relieve growing backlogs in the busiest U.S. container port complex. Convening leaders of business, unions, and ports, the administration’s negotiation efforts have so far secured commitments from shippers and retailers to ensure extended port hours will be well utilized.

According to a White House statement, Walmart will increase its container turnover 50% over several weeks by increasing its nighttime operations. United Parcel Service plans to increase its 24/7 operations, which will allow it to move 20% more containers off the ports.

FedEx will work with its trucking and rail providers to double the number of containers it moves at night. Samsung said its warehousing operations will be open 24/7 for the next 90 days in a bid to move 60%more containers out of the ports.

Containerized agricultural exporters rely heavily on the Los Angeles and Long Beach port complex to move products overseas. The ports’ efforts will help regain terminal space by clearing import containers and allow more fluid operations for all users.

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Marketwatch: Oct, 24

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.1374
high: 5.1867
low: 5.1249
close: 5.1668

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 11.801
high: 11.861
low: 11.7324
close: 11.7679

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.4043
high: 7.5443
low: 7.3993
close: 7.5365

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.9986
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close: 7.0671