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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 Hold Gains into Wednesday’s Close as the Market Looks to Trump/Xi Meeting
Soybeans saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $11.64. Soymeal futures were the supportive product, up $4.40 to $10.10, with Soy Oil futures falling into the close, down...
From
Austin Schroeder
via
Barchart
Corn Close Mixed as Ethanol Production Improves
Corn futures posted mixed action at the Wednesday close, with contracts within a penny of either side of unchanged. The CmdtyView national average Cash Corn price was up a penny to $4.40. The NOAA 7-day QPF shows expected precipitation totals aof 1 to 3 inches across much of the Corn...
From
Austin Schroeder
via
Barchart
Wheat Posts Modest Correction on Wednesday
The wheat complex followed Tuesday’s limit gains with the three exchanges lower on Wednesday. Chicago SRW futures closed with contracts steady to 3 ½ cents lower. KC HRW futures were down 4 ¾ to 7 ¾ cents at the close. MPLS spring wheat was down 4 to 4 ¼ cents...
From
Mike Schuler
via
gCaptain
Davie Defense Finalizes $3.5 Billion U.S. Coast Guard Arctic Security Cutter Deal
The U.S. Coast Guard’s ambitious Arctic fleet expansion took another major step forward Wednesday as Davie Defense announced it has finalized a $3.5 billion contract to build five new Arctic...
From
Chris Swift
via
Barchart
Shootin' the Bull about a lot of exceptional factors at play
Exceptional volatility and price expanse continued today.
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...
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From
Chris Swift
via
Barchart
Shootin' the Bull about why a lower trade
There are a few factors that appeared today that may be some of the reason for the lower trade.
From
Mike Schuler
via
gCaptain
House Labor Caucus Joins Growing Backlash Against Trump’s Jones Act Waiver Extension
Opposition to the Trump administration’s sweeping Jones Act waiver extension is continuing to widen, with top House labor lawmakers now joining a growing coalition of maritime unions, domestic operators, and industry groups...
From
Mike Schuler
via
gCaptain
Trump Administration Launches Nuclear-Powered Shipping Push to Revive U.S. Maritime Industry
The Trump administration is opening the door to nuclear-powered commercial shipping in what could become one of the most ambitious attempts in decades to reshape the future of the U.S....
From
Matthew Grossman
via
Barchart
Grain Market Update: Are Iran Ceasefire Rumors Creating a Commodity Trap
Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though he anticipates a rally next week fueled by renewed geopolitical tensions and optimism surrounding the upcoming China Summit.
From
Austin Schroeder
via
Barchart
Corn Weakness Holding on Thursday
Corn futures are trading with 2 to 3 cent losses in the front months on Thursday, bouncing off early lows. There were 113 deliveries issued against May corn futures overnight. The CmdtyView national average Cash Corn price is 2 1/4 cents lower on the day to $4.24. USDA’s Weekly Export...
From
Austin Schroeder
via
Barchart
Wheat Posting Thursday Losses
The wheat complex is trading with losses on Thursday. Chicago SRW futures are down 6 to 11 ¼ cents across the board on the midweek session. KC HRW futures are leading the way with 20 to 22 cent losses. There were 5 delivery notices against May CBT wheat overnight, with...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing Off Early Session Lows at Midday
Soybeans are trading with contracts down 2 to 4 cents in the front months following early session weakness. There was just one delivery issued above May soybeans overnight. The cmdtyView national average Cash Bean price is down 3 3/4 cents at $11.23. Soymeal futures are up 70 cents in the...
From
Reuters
via
gCaptain
Oil Shock Far From Over: Energy Giants Warn Global Fuel Supplies May Stay Tight for Months After Iran Deal
Oil supplies are set to tighten further in coming weeks even if the U.S. and Iran agree on a peace deal to end their war because it will take weeks for oil shipments to resume from the Middle East Gulf and reach refiners worldwide - so oil companies will continue to deplete storage tanks to meet peak summer demand.
From
Mike Schuler
via
gCaptain
Australia Bans Liberian-Flagged Bulker From Ports Amid Crackdown on Crew Exploitation
Australia has banned another foreign-operated ship from its ports after inspectors discovered seafarers had been underpaid and unlawfully charged for drinking water, escalating a widening crackdown on labor abuses in...
From
Reuters
via
gCaptain
Trapped in Hormuz: Indian Sailors Describe Nights of Missiles, Fear, and Hunger
Nightly explosions of drones and missiles terrified Indian sailor Tithi Chiranjeevi after his ship was stranded in Iran for more than a month by the Strait of Hormuz blockade caused by the Middle East conflict.
From
Mike Schuler
via
gCaptain
U.S. Sanctions Iraq’s Deputy Oil Minister Over Alleged Iranian Oil Scheme
The Trump administration on Thursday escalated its economic campaign against Iran by sanctioning Iraq’s deputy oil minister and multiple militia-linked companies accused of helping Tehran smuggle oil and finance armed...