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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
Reuters
via
gCaptain
Bahrain Pushes UN Vote to Authorize Force in Strait of Hormuz
Bahrain has put forward a draft United Nations Security Council resolution that would authorize countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.
From
Paul Morgan
via
gCaptain
Smarter Ships: Automation, AI, and the New Strain on Seafarers
How automation, AI, and the decline of traditional watchkeeping are reshaping seafarer welfare By Paul Morgan (gCaptain) – The modern ship has never been more advanced. Engine rooms now run...
From
Austin Schroeder
via
Barchart
Wheat Falls Back on Monday
The wheat complex started the week with losses across the three markets on Monday. Chicago SRW futures were 2 ¾ to 7 ½ cents lower. KC HRW futures were fractionally to 3 cents in the red. MPLS spring wheat was mixed, with front months fractionally to a penny lower and...
From
Austin Schroeder
via
Barchart
Soybeans Sees Monday Strength
Soybeans posted gains of 2 ¼ to 7 ¼ cents in the front months on Monday. The cmdtyView national average Cash Bean price was up 3 3/4 cents at $10.90 1/4. Soymeal futures were down $1.00 to $2.00, with Soy Oil futures up 7 to 26 points. Bean oil was...
From
Austin Schroeder
via
Barchart
Corn Falls on Monday as Traders Digest the Middle East Situation
Corn futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. The CmdtyView national average Cash Corn price was down 6 cents to $4.17 3/4. Early on Monday morning, President Trump put out a Truth Social post ordering the military to...
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From
Walsh Trading
via
Barchart
Soybean meal futures looking for support
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Yesterday, soybean futures sold off at the lowest limit in three years. The market bounced back somewhat this morning following the President Trump's request for a delay of his meeting with...
From
Mike Schuler
via
gCaptain
U.S. Hits Iranian Coastal Missile Sites With Bunker-Buster Bombs
Bunker-buster munitions target coastal threats to commercial shipping U.S. forces have struck Iranian coastal missile sites near the Strait of Hormuz, targeting systems assessed to pose a direct threat to...
From
Mike Schuler
via
gCaptain
UAE Signals Openness to U.S.-Led Hormuz Protection Mission as Shipping Crisis Deepens
The United Arab Emirates may join a U.S.-led effort to protect shipping in the Strait of Hormuz after Iran all but shut the vital waterway to ships as Tehran wages war with Israel and the United States, a senior Emirati official said on Tuesday.
From
Mike Schuler
via
gCaptain
ATSB Preliminary Report Sheds Light on Research Icebreaker’s Grounding Off Heard Island
An Australian Transport Safety Bureau (ATSB) preliminary report has provided new detail on last year’s incident involving Australia’s Antarctic research and supply icebreaker RSV Nuyina, confirming the ship briefly grounded near...
From
Austin Schroeder
via
Barchart
Wheat Fails to See Green on St. Patrick’s Day
Wheat was under pressure on Tuesday, with losses across the three markets. Chicago SRW futures were 5 ¼ to 8 cents lower on the day. KC HRW futures were 6 ¼ to 9 ¾ cents in the red at the close. MPLS spring wheat was down 7 to 10 cents...
From
Austin Schroeder
via
Barchart
Soybeans Bounce on Turnaround Tuesday
Soybeans close out the Tuesday session with most contracts 9 to 10 ½ cents in the green, as front months were 1 ¾ to 3 ¾ cents higher. The cmdtyView national average Cash Bean price was up 2 cents at $10.82 3/4. Soymeal futures are were 20 cents to $1.30...
From
Austin Schroeder
via
Barchart
Corn Comes Back to Close with Slight Gains on Tuesday
Corn futures rounded out Tuesday trade, with contracts steady to 2 ¼ cents higher, as July slipped ¼ cent. The CmdtyView national average Cash Corn price was steady to $4.11 3/4. Crude was up $2.52 on the day. EIA data will be released on Wednesday morning, showing ethanol production and...
From
Oliver Sloup
via
Barchart
Ag Markets Finish Green on St Patrick’s Day
Grain markets got hit hard on Monday but were able to stabilize on Tuesday. Headlines and technicals continue to be key drivers in price action. These are the levels we are watching closely this week. Tune in to learn more!
From
Chris Swift
via
Barchart
Shootin' the Bull about cattle feeders
Cattle feeders took it upon themselves to bid feeder cattle higher in the face of mounting input costs the past two days. Feed, fuel, and money remain elevated in comparison to just 3 weeks ago.
From
Bloomberg
via
gCaptain
Iran War Upheaval Jolts Shipping Fuel Suppliers in Singapore
A widening conflict in the Middle East has led to dramatic swings and surges in the price of fuel for ships, prompting distributors in Singapore, the world’s top bunkering hub, to cut back their purchases.
From
Bloomberg
via
gCaptain
Marinakis-Backed Capital Tankers Slides on Oslo Debut as Hormuz Crisis Jolts Markets
Crude tanker-owner Capital Tankers Corp.’s shares fell in their Oslo debut on Tuesday, as the closure of the Strait of Hormuz has disrupted global oil transit and markets.