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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
US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says
The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran.
From
Reuters
via
gCaptain
Norway Boosts Defense Footprint with Expansion of Arctic Brigade
Norway expanded on Thursday a recently created military brigade headquartered in the Arctic, the latest move by a NATO nation to boost its defense footprint in the wake of the Ukraine war.
From
Bloomberg
via
gCaptain
Trump Threatens Economic Isolation for Iran and Its Trading Partners
US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force Tehran to capitulate.
From
Bloomberg
via
gCaptain
Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade
Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit fees.
From
Mike Schuler
via
gCaptain
Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers
The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots (MM&P), following a long-running dispute...
From
gCaptain
via
gCaptain
Transpacific Container Rates Surge as Carriers Cut Capacity
Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...
From
Lori Ann LaRocco
via
gCaptain
Maritime Markets Bracing for Long-term Disruption in the Middle East
By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....
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From
Oliver Sloup
via
Barchart
Soybeans reject higher prices and corn gravitates to support
It was a choppy start to the week, starting with a firm Sunday night trade that turned to weakness Monday afternoon. Livestock markets saw kk or technical headwinds
From
Walsh Trading
via
Barchart
Chart of the Day - July Soybean Oil
A bearish engulfment on the weekly chart, followed by a bearish engulfment on the daily chart. Is Bean Oil starting a turn lower?
From
Chris Swift
via
Barchart
Shootin' the Bull about few changes
There is not much change starting off the week either.
From
Jim Wyckoff
via
Barchart
Soybean Meal Bulls Spring to Life Supporting Soybean Prices; Cotton Prices Surging
Soybean meal was the star of the show to end trading last week. Here is what to watch in the week ahead.
From
Austin Schroeder
via
Barchart
Wheat Rallying on Monday
The wheat complex is showing strength on Friday. Chicago SRW futures are trading with 13 to 15 cent gains at midday. KC HRW futures are 17 to 19 cents in the green at midday. MPLS spring wheat are up 14 to 15 ¼ cents on the day. Crude oil is...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Lower on Monday
Soybeans are trading with front month losses of 8 to 9 cents and new crop down 3 to 5 cents. The cmdtyView national average Cash Bean price is down 8 1/2 cents at $11.00 3/4. Soymeal futures are up $2.10 to $3, with Soy Oil futures down 20 to 25...
From
Austin Schroeder
via
Barchart
Corn Holding Higher on Monday
Corn futures are trading with 2 to 3 ½ cent gains at Monday’s midday. The CmdtyView national average Cash Corn price is up 2 cents at $4.05 1/4. Crude oil is back up just $3.03 this morning, though more than $5 off the overnight highs following the breakdown of US/Iran...
From
Oliver Sloup
via
Barchart
Corn and Wheat Gain Back Lost Ground
Corn and wheat have been under technical pressure for the last two weeks, but are finding their footing to start this week's trade. Is this just a relief rally or is a longer term low in. Oliver Sloup breaks it down, Tune in!
From
Reuters
via
gCaptain
NATO Allies Refuse to Join U.S. Hormuz Blockade, Deepening Rift With Trump
NATO allies said on Monday they would not get involved in U.S. President Donald Trump's plan to blockade the Strait of Hormuz, proposing instead to intervene only once fighting ends, in a move likely to anger Trump and increase strains in the alliance.