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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
Soybeans Trading with Wednesday Gains Ahead of Trump/Xi Visit
Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. President Trump landed in...
From
Austin Schroeder
via
Barchart
Wheat Slipping Back on Wednesday’s Midday
The wheat complex is showing a modest correction on Wednesday following the Tuesday limit gains. Chicago SRW is down 1 to 2 cents at midday. KC HRW futures are 2 to 4 cents in the red so far. MPLS spring wheat is slipping back with fractional losses in the front...
From
Austin Schroeder
via
Barchart
Corn Showing Midday Wednesday Gains as Ethanol Production Improve
Corn futures are trading with 1 to 2 cent gains so far on Wednesday. There were 36 deliveries against May futures overnight. The CmdtyView national average Cash Corn price is up 2 cents to $4.41. Weekly EIA data from this morning showed a 65,000 barrel per day hike in ethanol...
From
Reuters
via
gCaptain
China-Linked Supertanker Makes Rare Strait of Hormuz Transit Ahead of Trump-Xi Summit
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.
From
Mike Schuler
via
gCaptain
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
The International Energy Agency is warning that the ongoing disruption in the Strait of Hormuz is triggering one of the largest oil market shocks in modern history, with global oil demand now...
From
Reuters
via
gCaptain
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
U.S. President Donald Trump has said he does not expect to need China's help to end the war in Iran and ease Tehran's grip on the Strait of Hormuz, in remarks made before he arrived in Beijing on Wednesday for a summit with President Xi Jinping.
From
Bloomberg
via
gCaptain
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Landlocked and surrounded by richer, more powerful neighbors, Malawi has long been a victim of geography and economics. It now finds itself at the sharp end of a crisis being made more than 3,000 miles away.
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From
Jim Wyckoff
via
Barchart
Buy Corn Here If You Agree That Grains Will Be the Next Commodities to Rocket Higher Like Silver
July corn futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
Record $2.25 Billion Settlement Reached in Baltimore Key Bridge Collapse Case
The State of Maryland has finalized a $2.25 billion settlement with the owner and operator of the containership Dali, marking the largest legal recovery in maritime history and a major milestone...
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Swings to Loss as Strait of Hormuz Chaos and Weather Delays Hit Shipping
Container shipping giant Hapag-Lloyd reported a sharp deterioration in first-quarter earnings on Tuesday, blaming severe weather disruptions and the conflict in the Middle East for rising costs and weaker operational performance as...
From
The Loadstar
via
gCaptain
OOCL Appeals $45 Million FMC Judgment in High-Stakes Pandemic Shipping Case
Shippers will be watching with bated breath following OOCL’s decision to challenge the record $45m fine it was handed by the US Federal Maritime Commission (FMC).
From
Bloomberg
via
gCaptain
Iran-Linked LPG Tanker Sails Past US Navy’s Blockade Line
A liquefied petroleum gas carrier, which has previously ferried Iranian cargoes, has sailed past the blockade boundary announced last month by the US Navy.
From
Austin Schroeder
via
Barchart
Corn Slipping Back Early on Wednesday
Corn prices are down fractionally to a penny so far on Wednesday AM trade. Futures held on Tuesday, with contracts up 4 to 5 cents at the close. A limit rally in the wheat market was supportive. Open interest was down 10,034 contracts. There were 36 deliveries against May futures...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher Ahead of Trump/Xi Visit
Soybeans are trading with 1 to 2 cent gains on Wednesday morning. Futures were in rally mode on Tuesday, with contracts up 10 1/4 to 13 3/4 cents at the close. Open interest rose 8,392 contracts on Tuesday. The cmdtyView national average Cash Bean price was up 14 1/2 cents...
From
Austin Schroeder
via
Barchart
Wheat Trading Mixed on Wednesday Morning
Wheat is trading mixed on Wednesday morning, with Chicago on a weaker note, The wheat complex was in rally mode on Tuesday, hitting the limit in a few contracts. Chicago SRW was up as little as 13 ½ cents in the deferreds to the 45 cent limit in July. Open...
From
Malte Humpert
via
gCaptain
Europe Swaps Russian Gas Dependence for U.S. LNG Reliance as Middle East Turmoil Tightens Squeeze
Europe’s rush to quit Russian pipeline gas has created a new energy vulnerability: growing dependence on U.S. liquefied natural gas, as war-linked supply disruptions in the Middle East push the continent deeper into reliance on seaborne fuel.
From
Reuters
via
gCaptain
Chinese Supertanker Attempts Hormuz Passage, Data Show
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.
From
Walsh Trading
via
Barchart
U.S. and global wheat production projections down for 2026/2027
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The forecast for 2026/27 United States winter wheat is down 25 percent from last year to 1,048 million bushels, primarily on sharply reduced Hard Red Winter production, according to today's World...
From
Reuters
via
gCaptain
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz.