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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
Austin Schroeder
via
Barchart
Soybeans Ease Lower on Thursday
Soybeans saw losses of 1 to 5 ¼ cents in most contracts on Thursday, as May saw a 4 ¼ cent gain this week. The cmdtyView national average Cash Bean price was down 5 1/2 cents at $10.94. Soymeal futures were down $3.00 to $4.20, as May was down 10...
From
Austin Schroeder
via
Barchart
Corn Heads into the Long Weekend Mixed
Corn futures headed into the long weekend, with some front month weakness as money was being taken off the table. Old crop contracts were fractionally to 2 cents lower, as new crop was steady to fractionally higher. May was down 9 ¾ cents this week, with December dropping 9 cents....
From
Darin Newsom
via
Barchart
Hormuz Shutdown: Where are the Grain, Cattle, and Oil Markets Headed?
The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input costs and shrinking consumer disposable income.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
New Contract Highs in the Live Cattle Market - Grains Still Look Overpriced
From
Sean Lusk
via
Barchart
Grain Spreads: 2nd Quarter Gameplan
Low Risk High Reward Strategies to Consider
From
Chris Swift
via
Barchart
Shootin' the Bull about the next most probable move.
Price may move higher or may move lower, but the next most probable move in the industry is to cut production capacity.
From
Reuters
via
gCaptain
China’s detentions of Panama-flagged vessels raise concerns, Rubio says
Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday.
From
Austin Schroeder
via
Barchart
Soybeans Slipping at Midday
Soybeans are showing fractional to 3 cent losses in the front months. The cmdtyView national average Cash Bean price is down 2 3/4 cents at $10.97 3/4. Soymeal futures are down $3.00 to $3.60, with Soy Oil futures 150 to 172 points higher. Crude Oil is up $10.54 higher at...
From
Austin Schroeder
via
Barchart
Corn Trading Mixed on Thursday
Corn futures are showing mixed trade with contracts within a penny of unchanged, as the front months are weaker. The CmdtyView national average Cash Corn price was up 3/4 cent at $4.15 3/4. Crude Oil is up $10.54 higher at midday, following President Trump’s address the nation on Wednesday night...
From
Austin Schroeder
via
Barchart
Wheat Holding Gains at Midday
The wheat complex is showing gains so far on Thursday as the market looks to a three-day weekend. Chicago SRW futures are showing penny gains in the front months at midday. KC HRW futures are 5 to 6 cents higher on Thursday. MPLS spring wheat was us back up 3...
From
Trent Klarenbach
via
Barchart
Canola is staring down a "Make or Break" level
Canola is staring down a "Make or Break" level
From
Reuters
via
gCaptain
US Trade Deficit Widens in February As Imports Offset Record Exports
The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track to subtract from economic growth in the first quarter.