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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Austin Schroeder
via
Barchart
Wheat Popping on Thursday Morning
Wheat is showing gains to begin May, with most contracts higher. The wheat complex bounced back to close out the Wednesday session with the SRW and spring wheat contracts posting strength and HRW weaker. Chicago SRW futures were up 5 to 8 cents. There were 80 delivery notices against May...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Wednesday
Soybeans are slipping with fractional to 3 cent losses early on Thursday. They posted losses of 6 to 9 cents across most contracts on Wednesday. There wee 3 deliveries against May soybeans overnight. CmdtyView’s national front month Cash Bean price is down 7 1/4 cents at $9.88. Soymeal futures are...
From
Austin Schroeder
via
Barchart
Corn Higher Ahead of Export Sales Release
The corn market is starting off Thursday with 2 to 4 cent gains. Corn futures settled the Wednesday session with contracts up 1 to 6 ¾ cents, as traders closed out the month with a bounce. There were another 25 deliveries against May corn futures overnight. The nearby CmdtyView national...
From
Bloomberg
via
gCaptain
Denmark Plans $1 Billion War Insurance for Merchant Shipping
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis.
The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding would establish a state-backed war insurance plan to cover ships if commercial insurance markets collapse due to geopolitical instability.
From
Reuters
via
gCaptain
Venezuela Loses 20% Of Oil Exports After Cargo Cancellations to Chevron
Venezuela's oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron CVX.N forced ships to return and left some ports empty, ship tracking data and documents showed.
From
Mike Schuler
via
gCaptain
Hapag-Lloyd and ONE Post Gains, But Caution Clouds 2025 Outlook
Hapag-Lloyd has reported strong first-quarter results for 2025, with Group EBITDA increasing by 17% to US $1.1 billion compared to the same period last year. The German container shipping giant...
From
Mike Schuler
via
gCaptain
SHIPS Act 2.0: What’s New in the 2025 Push to Revive U.S. Maritime Power
The SHIPS for America Act is back—and this time, it’s bigger, broader, and backed by a second companion bill aimed squarely at tax reform. Introduced today by Senators Mark Kelly...
The APS Information Center
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From
Austin Schroeder
via
Barchart
Corn Pops Back Higher on Wednesday
Corn Pops Back Higher on Wednesday Corn futures settled the Wednesday session with contracts up 1 to 6 ¾ cents, as traders closed out the month with a bounce. The nearby CmdtyView national average Cash Corn price was up 5 1/4 cents at $4.42 1/2. USDA reported a private export...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Wednesday
Soybeans posted losses of 6 to 9 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price is down 7 1/4 cents at $9.88. Soymeal futures are back down 20 to 80 cents/ton, with Soy Oil futures were falling back another 27 to 58 points. There is...
From
Austin Schroeder
via
Barchart
Wheat Sees Some Bargain Buying at Month End
The wheat complex bounced back to close out the Wednesday session with the SRW and spring wheat contracts posting strength and HRW weaker. Chicago SRW futures were up 5 to 8 cents. Kansas City HRW contracts saw slight losses of 1 to 2 cents on Wednesday. MPLS spring wheat was...
From
Reuters
via
gCaptain
Equinor Says it Could Lose Billions on Trump’s Offshore Wind Clampdown
Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump's administration reverses a decision to halt the construction, the Norwegian group said on Wednesday.
From
Chris Swift
via
Barchart
Shootin' The Bull about 220 cash trade and lower cattle futures
This morning's economic data set the tone for a lower trade in most markets and cattle futures responded to the defensive price action. A lower GDP print showed that the US economy contracted in the first quarter by .3% vs an increase in Q4 2024 of 2.4%. The US economy is slowing.
From
gCaptain
via
gCaptain
Trump and Congress Chart a New Course on U.S. Maritime Policy
America’s long-neglected maritime sector is suddenly sailing into the policy spotlight—on parallel tracks. In a matter of weeks, both the White House and Congress have launched sweeping efforts to reverse...
From
Bloomberg
via
gCaptain
US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.
From
Mike Schuler
via
gCaptain
Full Steam Ahead: SHIPS for America Act Garners Wave of Industry Endorsements
Endorsements are flooding in behind the newly reintroduced SHIPS for America Act, bipartisan legislation designed to restore America’s maritime strength and revitalize its shipbuilding industrial base. With support from virtually every...
From
Don Dawson
via
Barchart
Will December Corn Prices Rally in May 2025?
December corn futures, priced at $4.47 per bushel as of April 30, are catching the eye of market participants. These futures, tied to the new crop harvested in the fall, reflect expectations for the growing season, supply, and demand. May often brings a bullish tilt to corn prices. Could a rally push prices to $5? What might the USDA's May WASDE report show? And how can traders and hedgers position themselves? This article breaks it down for everyone, from seasoned speculators to farmers hedging their crops.
From
Austin Schroeder
via
Barchart
Corn Showing Midday Strength
Corn futures are trading with contracts up anywhere from a penny to 5 ½ cents at midday. There were 25 deliveries issued against May overnight. The nearby CmdtyView national average Cash Corn price is up 3 1/2 cents at $4.40 3/4. USDA reported a private export sale of 120,000 MT...