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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
Austin Schroeder
via
Barchart
Wheat Holding Lower on Tuesday
Wheat is falling lower on so far on Tuesday’s midday. Chicago SRW futures are 5 to 7 cents in the red so far. KC HRW futures are 8 to 10 cents lower at midday. MPLS spring wheat is down 5 to 6 cents in the front months on Tuesday. The...
From
Austin Schroeder
via
Barchart
Corn Holding Steady on Tuesday
Corn futures are trading with fractionally mixed action on Tuesday, shrugging off early weakness. The CmdtyView national average Cash Corn price is down 1/2 cent to $4.10. Crude is up $2.52 at midday. Ukraine’s economic ministry estimates the country will plant 4.42 million hectares (10.92 million acres) of corn this...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing Higher on Turnaround Tuesday
Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00 lower in the front, with Soy Oil futures up 195 to 206 at...
From
Mike Schuler
via
gCaptain
Trump Declares U.S. ‘Doesn’t Need Anyone’ After Allies Balk at Hormuz Mission
President Donald Trump said Tuesday that NATO allies have refused to support U.S. military operations against Iran, publicly acknowledging growing divisions within the Western alliance as efforts to assemble a...
From
Mike Schuler
via
gCaptain
Ships Hug Iran’s Coast in Emerging Hormuz Workaround
New tracking data suggests “permission-based” transits may be reshaping one of the world’s most critical shipping lanes A new routing pattern is emerging in the Strait of Hormuz as vessels...
From
Mike Schuler
via
gCaptain
‘No Imminent Threat’: Trump’s Counterterrorism Chief Resigns Amid Rift Over Iran War
National Counterterrorism Center (NCTC) Director Joe Kent announced his resignation Monday, citing opposition to the ongoing war in Iran and asserting that Tehran posed “no imminent threat” to the United...
From
Reuters
via
gCaptain
Oil Tankers ‘Starting to Dribble Through’ Strait of Hormuz, says White House
Oil tankers are crossing the Strait of Hormuz and Iran's actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration's position that the war should be over in weeks, not months.
From
Bloomberg
via
gCaptain
Key UAE Oil Hub Suspends Loadings as War-Related Halts Mount
The key port of Fujairah in the United Arab Emirates has suspended oil loadings, according to a shipping agent and a person familiar with the matter, the latest halt after a series of earlier war-related strikes on the country’s only crude oil export route outside the Strait of Hormuz.
From
Austin Schroeder
via
Barchart
Soybeans Getting an Early Turnaround Tuesday Bounce
Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. Open interest was down...
From
Austin Schroeder
via
Barchart
Wheat Sliding on Tuesday Morning
Wheat is showing 2 to 3 cent losses across the front months in the three exchanges on Tuesday morning. The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17 cents lower in the nearbys. Open interest was down 1,004 contracts, with 1,973 dropping...
From
Austin Schroeder
via
Barchart
Corn Bouncing on Tuesday Morning
Corn price action is up fractionally to 2 cents so far on Tuesday morning. Futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Preliminary open interest was down 23,389 contracts on Monday suggesting some longs liquidating, as May dropped 25,724 contracts, with December down 10,909. Pressure...
From
Austin Schroeder
via
Barchart
Wheat Faces Monday Losses
The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17 cents lower in the nearbys. KC HRW futures saw Monday weakness of 13 to 14 cents. MPLS spring wheat was down 10 to 12 cents at the close. Crude oil was back down...