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.

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Wheat Rallies Double Digits on Friday
Grain
May 2, 2025
From 
Austin Schroeder
 via 
Barchart

Wheat Rallies Double Digits on Friday

Wheat bulls were trying their best to put in some sort of bottom, as futures rallied across the three exchanges on Friday. Chicago SRW futures were up 11 to 12 cents at the close on Friday, with weekly move of 2 cents lower for July. Kansas City HRW futures were...
Corn Closes Mixed on Friday
Grain
May 2, 2025
From 
Austin Schroeder
 via 
Barchart

Corn Closes Mixed on Friday

The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at...
Soybeans Post Gains to Head into the Weekend
Grain
May 2, 2025
From 
Austin Schroeder
 via 
Barchart

Soybeans Post Gains to Head into the Weekend

Soybeans posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. CmdtyView’s national front month Cash Bean price was up 9 cents at $10.06 3/4. Soymeal futures posted a $2.50 to $3.70 on Friday, as July...
Grain Spreads: Trade Wars/Deals Wheat & Soymeal
Grain
May 2, 2025
From 
Sean Lusk
 via 
Barchart

Grain Spreads: Trade Wars/Deals Wheat & Soymeal

Funds Near Record Short in Meal and Wheat.
Shootin' The Bull About All Time Highs in Cattle
Grain
May 2, 2025
From 
Chris Swift
 via 
Barchart

Shootin' The Bull About All Time Highs in Cattle

This week's price action ended on a positive note for bulls with June fats finishing up $3.05 and Aug feeders up $2.60.  After a choppy trade this week and what looked like a lot of indecision among traders, new contract highs were made across the board today, supported by the boxed beef trade which was up 16.29 in 5 days.
Trump Administration Reverses Course on Biden Offshore Decommissioning Bonding Rule
Offshore
May 2, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Administration Reverses Course on Biden Offshore Decommissioning Bonding Rule

The U.S. Department of the Interior announced plans to revise the Bureau of Ocean Energy Management’s (BOEM) 2024 Risk Management and Financial Assurance Rule for offshore operations, reverting to a...

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Corn Facing Tuesday Pressure
Grain
April 29, 2025
From 
Austin Schroeder
 via 
Barchart

Corn Facing Tuesday Pressure

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...
Port of Los Angeles Boss Sees Dramatic Drop in Cargo Volumes
Ports
April 29, 2025
From 
Mike Schuler
 via 
gCaptain

Port of Los Angeles Boss Sees Dramatic Drop in Cargo Volumes

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 Mixed After a Choppy Start to the Week
Grain
April 29, 2025
From 
Oliver Sloup
 via 
Barchart

Grain Markets Mixed After a Choppy Start to the Week

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 Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty
Shipping
April 29, 2025
From 
Reuters
 via 
gCaptain

Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty

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 Buying the Fact Early on Tuesday Following Rating Improvement
Grain
April 29, 2025
From 
Austin Schroeder
 via 
Barchart

Wheat Buying the Fact Early on Tuesday Following Rating Improvement

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 Close Monday with Mixed Action
Grain
April 29, 2025
From 
Austin Schroeder
 via 
Barchart

Soybeans Close Monday with Mixed Action

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...
Corn Leaking Lower Early on Tuesday
Grain
April 29, 2025
From 
Austin Schroeder
 via 
Barchart

Corn Leaking Lower Early on Tuesday

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,...
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
Shipping
April 29, 2025
From 
Malte Humpert
 via 
gCaptain

Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.
F/A-18 Super Hornet Lost Overboard in Red Sea
Defense
April 28, 2025
From 
Mike Schuler
 via 
gCaptain

F/A-18 Super Hornet Lost Overboard in Red Sea

The USS Harry S. Truman (CVN 75) Carrier Strike Group reported the loss of an F/A-18E Super Hornet and tow tractor during a routine operation in the Red Sea on...
Corn Holds onto Losses into the Monday Close
Grain
April 28, 2025
From 
Austin Schroeder
 via 
Barchart

Corn Holds onto Losses into the Monday Close

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. The nearby CmdtyView national average Cash Corn price was down 2 1/4 cents at $4.49 1/2. Spillover pressure came from the wheat market. Weekly Export...
Wheat Falls Lower to Begin the Week, as Crop Ratings Improve
Grain
April 28, 2025
From 
Austin Schroeder
 via 
Barchart

Wheat Falls Lower to Begin the Week, as Crop Ratings Improve

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 cents. Kansas City HRW contracts were 11 to 14 cents lower on Monday. MPLS spring wheat was 8 to 10 cents in the...
Soybeans Close Monday with Mixed Action
Grain
April 28, 2025
From 
Austin Schroeder
 via 
Barchart

Soybeans Close Monday with Mixed Action

The soybean market posted 2 to 4 cent gains in the nearby contracts on Monday, with new crop down ¼ cent on the day. CmdtyView’s national front month Cash Bean price as up 2 3/4 cents at $10.06 3/4. Soymeal futures were down $2.50 to $3/ton, with Soy Oil futures...