Global Commodity Analytics and Consulting President Mike Zuzolo says any supply chain issues will cause shipping problems, reflected in basis levels. “You can’t really offer anything if you can’t get the barge. Thankfully, we didn’t have to go into the weekend carrying the slowdown on the Mississippi River. Like the Colonial pipeline, it will take demand away from the market.” Once supply chains become unreliable, demand goes away. “Especially when it comes to livestock and needing to feed animals. It’s been a tough year for the supply chain.”
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