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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
Austin Schroeder
via
Barchart
Corn Closes with Midweek Losses Following Crude Weakness
Corn futures posted losses of 10 ½ to 12 ¾ cents in most contracts on Wednesday, with a few deferred contracts down 4 to 7 cents. The CmdtyView national average Cash Corn price was 11 1/2 cents lower on the day to $4.26 1/4. Crude oil was down $6.06 on...
From
Austin Schroeder
via
Barchart
Soybeans Fall from Outside Pressure on Wednesday
Soybeans closed the Wednesday session with contracts falling 10 to 16 ¾ cents. The cmdtyView national average Cash Bean price was down 16 1/2 cents at $11.27 1/2. Soymeal futures were down 30 cents to $3.10 in the front months on the session, with Soy Oil futures down 139 to...
From
MoneyShow
via
Barchart
Chart of the Day: Forget Fuel. Watch Food.
Everyone’s focused on fuel costs. But you might want to pay closer attention to FOOD. The price of agricultural commodities is perking up – and the longer the Middle East conflict goes on, the greater the impact could be.
From
Reuters
via
gCaptain
CMA CGM Containership Confirmed Attacked in Hormuz, Crew Injured
A CMA CGM container ship was attacked while transiting the Strait of Hormuz, injuring crew members and damaging the vessel, while another vessel run by the French group exited the Gulf, as the U.S.-Iran conflict continued to disrupt shipping traffic.
From
Chris Swift
via
Barchart
Shootin' the Bull about shifting factors
There appears very little left to the supply side story of cattle.
From
Reuters
via
gCaptain
Gulf’s Fragile Trade Lifeline Hangs on Two Eastern UAE Ports
At the UAE port of Fujairah, conveyor belts offloaded grain from bulk carriers on Wednesday, while crude oil flowed through pipes and onto tankers berthed along its quay.
From
Editorial
via
gCaptain
A New Front in Shipping’s Climate War: The Federal Maritime Commission
Federal Maritime Commission (FMC) Chairman Laura DiBella recently participated in the U.S. delegation to the International Maritime Organization’s (IMO) 84th Marine Environment Protection Committee (MEPC 84) session in London, marking an unprecedented development in U.S. maritime regulatory policy since the FMC has not historically played a visible role in U.S. climate negotiations at the IMO
From
Trent Klarenbach
via
Barchart
Canola Trends: Buyers at Resistance
Canadian canola charts show a pullback to the 742.70 level. Prairie traders should monitor the current bearish RSI divergence.
From
The Loadstar
via
gCaptain
Cheap Spot Rates Now Could Cost Shippers at Peak Season
Despite the continuing deterioration in rates, ocean shippers are being advised to avoid the spot market and stick to their allocation with carriers.
From
Mike Schuler
via
gCaptain
BIMCO Warns Abrupt ‘Project Freedom’ Pause Complicates Hormuz Risk Calculus
The world’s largest shipping association said the Trump administration’s abrupt suspension of “Project Freedom” has injected fresh uncertainty into an already volatile operating environment for commercial vessels trapped inside the...
From
Reuters
via
gCaptain
France Moves Aircraft Carrier to Red Sea With Eye on Hormuz Mission
France on Wednesday deployed its carrier strike group to the Red Sea as part of planning for a potential mission to secure the Strait of Hormuz, urging Washington and Tehran to consider the proposal given the global economic impact of their competing blockades.