Shipping Industry News

Wheat is lower across the three exchanges on Friday. The wheat complex saw some late strength on Thursday to close higher across the three markets. Chicago SRW futures 3 1/2 to 5 3/4 cents higher on Thursday. Open interest was up 2,505 contracts. KC HRW futures ended the day with...

The U.S. Navy hospital ship USNS Mercy has arrived in Portland, Oregon, on Thursday according to the latest Automatic Identification System (AIS) data, effectively confirming the vessel’s long-anticipated destination following weeks of speculation tied to a proposed Greenland deployment.

Surging oil prices in physical markets - the trading place for oil on ships, rail cars or in storage tanks - have outpaced the already dizzying increases in benchmark futures markets, as refiners and traders across Asia and Europe are snapping up whatever barrels they can secure to plug the enormous supply gap caused by the U.S.-Israeli war on Iran.

The International Maritime Organization is moving to establish a safe-passage framework for commercial shipping in the Strait of Hormuz, as thousands of vessels—and tens of thousands of seafarers—remain effectively stranded amid escalating attacks...

Soybeans settled in on Thursday with contracts steady to 6 ¾ cents higher at the close, led bt the 2026 contracts. The cmdtyView national average Cash Bean price was up 6 ¾ ents at $10.93 1/2. Soymeal futures were $7.20 to $10.80 higher on the day in the front months,...

The wheat complex saw some late strength on Thursday to close higher across the three markets. Chicago SRW futures 3 1/2 to 5 3/4 cents higher on Thursday. KC HRW futures ended the day with contracts mostly a penny to 2 ¼ cents higher. MPLS spring wheat was 4 ½...

Corn futures closed out the Thursday session with contracts 3 ¾ to 6 ½ cents higher across the board. Futures were closing in on the highs set on last week’s initial spike. The CmdtyView national average Cash Corn price was up 6 3/4 cents to $4.27 ¾. Export sales data...

The International Maritime Organization (IMO) has issued a forceful condemnation of attacks on commercial shipping in the Middle East, warning that the situation in the Strait of Hormuz poses a “grave...

This current event of military action is as unpredictable as anything I've seen due to seemingly only a few creating the chaos.  I am in anticipation of significant unforeseen and unintended consequences to the recent military actions.

U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum moved swiftly to quash speculation that Washington could restrict energy exports, issuing coordinated statements reaffirming that no such policy is under consideration—even as the Middle East crisis sends shockwaves through global energy markets.

The World Trade Organization is warning that global trade growth will slow sharply in 2026—and could weaken further if elevated energy prices tied to the Middle East conflict persist.

A containership already at the center of one of the deadliest incidents in the Strait of Hormuz crisis may have been struck again, with early reports indicating the vessel is now burning following a possible overnight attack.