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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
Mike Schuler
via
gCaptain
Trump Warns Iran’s Oil Lifeline at Risk After Major U.S. Strike on Kharg Island
President Donald J. Trump said Friday that U.S. forces carried out a major airstrike against military targets on Iran’s Kharg Island, a strategic oil export hub in the Persian Gulf, while warning Tehran...
From
Ben DiCostanzo
via
Barchart
Cattle Futures Can’t Hold Early Rally
Cattle Markets start strong finish weak
From
Austin Schroeder
via
Barchart
Corn Closes Higher on Friday as CFTC Data Shows Spec Longs Flooding In
Corn futures rounded out the Friday session with contracts steady in some deferreds to 4 ¾ cents higher in the front months as March expired. May closed the week with a 6 ¾ cent gain from on the week. The CmdtyView national average Cash Corn price was up 4 3/4...
From
Austin Schroeder
via
Barchart
Wheat Rallies into Friday’s Close
The wheat complex posted double digit gains on Friday. Chicago SRW futures were up 10 to 15 1/4 cents on Friday, with May slipping 3 cents on the week. KC HRW futures closed 11 to 17 ¼ cents in the green on the day, as May was up 6 ½...
From
Austin Schroeder
via
Barchart
Soybeans Ease Lower into the Weekend
Soybeans rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price was down 2 cents at $11.50 1/4. Soymeal futures were down $1.60 to $2.50 higher...
From
Reuters
via
gCaptain
Lured by Profits, Some Shipowners Brave Mines and Missiles to Sneak Oil Past Iran
A handful of Greek shipowners have sent crude oil and dry bulk tankers through the Strait of Hormuz during the U.S.-Israeli war on Iran, risking destruction from mines, missiles and drones for a chance at millions of dollars in quick profits.
From
Chris Swift
via
Barchart
Shootin' the Bull about Warning's from the CME
In my opinion, you would think there would be a chapter, if not a book, to write about this week's price action.
From
The Loadstar
via
gCaptain
Middle East Conflict Dampens Fears of Container Sector Overcapacity
The conflict in the Middle East could significantly alter expectations of looming overcapacity in the container shipping sector. The prolonged Red Sea disruptions are absorbing vessel capacity and keep freight markets tighter than anticipated.
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Friday
Corn futures are trading with 1 to 4 cent gains in the front months on Friday. March expires at the close, with another 49 deliveries issued overnight. The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.23 ¾. Crude oil is bouncing off early lows and...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Friday
The wheat complex is trading with double digit gains on Friday. Chicago SRW futures are up 14 to 16 cents so far on the day. KC HRW futures are 19 to 20 cents in the green in the front months. MPLS spring wheat is showing 12 to 13 cent gains...