Shipping Industry News

Woodside Energy Group has announced a final investment decision (FID) for its massive $17.5 billion Louisiana LNG production and export facility in Calcasieu Parish. The project, which represents the largest...

A collision between the Panamanian-flagged M/V ISLA DE BIOKO and the U.S.-flagged towing vessel GINNY STONE occurred Sunday night near New Orleans, resulting in a barge breakaway incident and one...

By Mark Niquette (Bloomberg) — The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to...

The wheat complex is facing slight weakness at Tuesday’s midday, with contracts down across the three markets. Chicago SRW futures are down 4 to 7 cents. Kansas City HRW contracts are 6 to 7 cents lower in the nearbys. MPLS spring wheat is 3 to 4 cents in the red....

The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures are up $4/ton, with Soy Oil futures were back down 115...

The corn market is falling on Tuesday, with contracts anywhere from 5 to 13 cents in the red, led by the front months. The nearby CmdtyView national average Cash Corn price is down 12 1/2 cents at $4.37. USDA reported a private export sale of 120,000 MT of corn to...

The Port of Los Angeles is projecting a significant decline in cargo volumes, with inbound shipments expected to drop 35% next week compared to last year as major American retailers...

Grain markets opened the week on softer ground but stabilized some through Monday’s trade. That choppy trade has led to mixed markets Tuesday morning.

Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsizing some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.

Wheat futures are trading with early Tuesday gains in ‘buy the fact’ action following the ‘sell the (improved ratings) rumor’ action on Monday. The wheat complex fell lower across the three markets on Monday, as futures never recovered from sharp overnight losses. Chicago SRW futures were down 13 to 15...

Soybeans are facing Tuesday morning losses of 4 to 6 cents. The soybean market posted 2 to 4 cent gains in the nearby contracts on Monday, with new crop down ¼ cent on the day. Preliminary open interest was down 24,512 contracts on Monday, with May down 32,666 contracts and...

The corn market is showing fractional to 2 cent losses across most contracts on Tuesday morning. Corn futures failed to get back above 0 by the close, as contracts were down 2 to 6 cents across most contracts on Monday weakness. Preliminary open interest was down 34,144 contracts on Monday,...