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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
Chris Swift
via
Barchart
Shootin' the Bull about congesting fundamentals
There is seemingly a lot of congestion at this top. Both packers and cattle feeders are losing money. Projected margins reflect significant losses for both.
From
Walsh Trading
via
Barchart
Chart of the Day - December Corn
$5,00 is a good place for producers to begin to hedge.
From
Mike Schuler
via
gCaptain
Pentagon Pushes Hormuz Return, But Shipping Still Confined to High-Risk Corridor
The Pentagon’s rollout of Project Freedom is being presented as the first step toward reopening the Strait of Hormuz. But the details emerging behind those early transits point to something...
From
Austin Schroeder
via
Barchart
Corn Falling at Tuesday’s Midday
Corn futures are trading with 5 to 8 cent losses so far on Tuesday. There were 35 deliveries issued against May corn overnight. The CmdtyView national average Cash Corn price is 5 1/2 cents lower on the day to $4.37 1/2. NASS Crop Progress data showed the US corn crop...
From
Austin Schroeder
via
Barchart
Wheat Posting Tuesday Losses
The wheat complex is trading with losses across three markets. Chicago SRW futures are down 11 to 14 ¾ cents at midday. KC HRW futures are 7 to 9 cents in the red on Tuesday. There were 39 deliveries noted for May KC wheat overnight. MPLS spring wheat are 5...
From
Austin Schroeder
via
Barchart
Soybeans Posting Midday Weakness
Soybeans are down 8 to 12 cents in the front months on Tuesday. There were 110 contracts deliveries overnight in May soybeans. The cmdtyView national average Cash Bean price is down 10 3/4 cents at $11.44 1/2. Soymeal futures are down 60 cents to $2.20 higher on the session, with...
From
Reuters
via
gCaptain
U.N. Weighs Hormuz Sanctions as U.S. Pushes Resolution That Could Open Door to Force
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain?backed draft resolution that could lead to sanctions against Iran, and potentially authorize force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.
From
Bloomberg
via
gCaptain
Ships Cluster Further From Hormuz Strait as Iran Widens Grip
Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control.
From
Erik Bethel
via
gCaptain
China’s Maritime Gambit Is Backfiring—And Beijing Knows It
The waters around Japan are writing the future of the Indo-Pacific, and China doesn’t like what they’re saying. For over a decade, Beijing perfected a simple formula: deploy coast guard...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Tuesday, as Ratings Come in Mixed
Wheat is trading with losses so far on Tuesday morning. The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. New buying was noted, with open interests up 7,626 contracts. KC HRW futures were...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back as Planting Rolls Along
Soybeans are showing 4 to 5 cent losses so far on Tuesday AM trade. Futures posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. Open interest was up 36,208 contracts on Monday, with July leading the charge (16,739). There were 110 contracts deliveries overnight in...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Tuesday Morning
Corn prices are down 1 to 3 ¼ cents as the market kicks of Tuesday trade. Futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. New buying interest was noted, up 36,880 contracts, mainly in the July (11,705) and December (15,990). There were 35 deliveries...