b'may 25 - june 21, 2020Agriculture trAnsportAtion 19The world has too much wheatDespitescenesofpanictheres a supply risk that gov-buying at grocery stores andernments have no control over: worries about key supplierstheweather.Forexample, restrictions on wheat exportsrecentdrynesshasthreatened in recent months, the world isyields in the Black Sea area and swimming in the grain. western Europe, while drought Althoughmajorship- inNorth Africawillincrease pers from Russia to Romaniathe regions need for imports. moved to limit exports to pro- Inthesouthernhemisphere, tectdomesticsuppliesamidcountrieslikeArgentinaare the health crisiswith someonly just planting crops.measuresstillinplace TheU.S.governmentCARING FOR therehasntbeenamajorexpectsreservesamongthe impact on trade and suppliesworldstopeightshipperstoYOUR CARGO shouldkeeprising.Withrisejustslightlyfromthe largeharvestsloomingin2019-20 season, a six-year low. FOR 50+YEARSmanynations,globalwheatAny major weather impact stockpiles are expected to hitoncropscouldalsoprompt a record this year and climbkeysupplierstoextendorAlbany, NY Eastport, ME Lake Charles, LA Port Manatee, FL Thorold, ONeven higher in 2021. resumeexportrestrictions,Burns Harbor, IN Hamilton, ON Milwaukee, WI Tampa, FLWhile theres a risk thatespecially if the coronavirus anyadverseweathercouldcrisis persists. Russia, which change that, immediate con- has a history of disrupting the cernsaboutgrainshortageswheat market through restric-onthebackoflockdownstionsortaxes,hassaiditll provedshort-lived.Supply(WHEATcontinued on chains have remained intact,page 20) fmtcargo.com | 704.714.4644export curbs have been loose enough to keep sales flowing, andcountriesthatimposedTHANK YOU 2020-04-29 11:29:16AJOT_May2020.indd 3curbsrealizedtheirown supplieswereample.Plus, thepandemicispummeling global grain demand.There hasnt been a great deal of supply disruption, said SHIPPING AND RECEIVING ASSOCIATESPILOTSTRUCK DRIVERSRAILROAD JamesBolesworth,director ofCRM AgriCommoditiesinMANUFACTURERSLOGISTICSPROFESSIONALSLONGSHOREMENEngland. What we saw in the wheat market was very similar PILOTSSTOCKCLERKSFREIGHTCONDUCTORSWAREHOUSEWORKERSto what we saw on the retail level with the likes of loo roll: There was a clear element of panic before it became appar-ent that it would be business as usual, he said.After prices spiked in late March as consumers hoarded wheat products like flour and nationslikeRussia,Roma-niaandKazakhstanmoved tocurbexports,themarket hassincelargelyshrugged offworriesaboutasupply crunch.Benchmarkfutures haveslumpedtonearthe lowest since October. becauseYOUR FRONT DOOR TO THE I-4Thatslargely focus has turned to big cropsSTILL OPEN FOR CARGO BUSINESSinkeygrowersfromRussia to Canada. Worldwide outputDistribution Centersshould rise 0.5% to a recordIn these challenging times, Port Tampa Bay would like to thank those fortheupcomingseason,individuals and companies that play such a critical role in keeping cargoORLANDOmoving for our communities.The entire supply chain and by extension,PORTU.S. government data show.TAMPA Thatwillhelpinventoriesthe economies of nations, rely on our ability to deliver. Cargo flow is vital atBAYclimb5%to310.1millionFloridas largest and most diversified port. That includes everything from tons,equaltoaboutfivefood and beverage products, to consumer goods and e-commerce, gasoline months of global demand. and other energy products, as well as construction and building materials. ItlookslikeitsgoingTogether with our partners, were on the job to serve you.to be another bumper season forwheatsupply,saidOle Global container connections with THREE NEW direct Asia servicesHansen, head of commodity New on-dock 135,000 square foot state-of-the-art cold storage facilitystrategyatSaxoBankA/S. Save significantly on logistics/distribution costs serving Florida from its middleWe shouldnt be worried.Wheats also being weighed No gate or berth congestiondownasthevirusoutbreak Expanding terminal facilities with plenty of room for growthcurbsgrainconsumption.As well as lost business from res- Your last mile just got shorter.taurants,shutteredethanolWWW.PORTTB.COMplantshavereduceddemand forgrainstomakebiofuel, while closed meat plants mean lessanimalfeedisneeded. Withextrasuppliesofcrops like corn, thats adding to the pressure on wheat. 1101 CHANNELSIDE DRIVE, TAMPA, FLORIDA 33602Still,withseveralweeks left before many harvests start,'