Shipping Industry News

Soybeans are trading with contracts up 12 to 20 cents across most contracts, led by the old crop contracts. The cmdtyView national average Cash Bean price is up 17 3/4 cents at $11.54 1/2. Soymeal futures are $1.50 to $2.40 higher on the day, with Soy Oil futures 100 to...

Corn futures are trading with 4 to 5 ¼ cent gains at Monday’s Midday. There were 311 deliveries issued against May futures on Friday evening. The CmdtyView national average Cash Corn price is 4 3/4 cents higher on the day to $4.44 ¾. Export Inspections data showed corn at 2.028...

A South Korean ship was hit by an explosion in the Strait of Hormuz on Monday and Iranian drones caused a fire at a UAE oil port, as Tehran demonstrated its grip on Middle East oil after U.S. President Donald Trump said his Navy would open the strait.

The United States Coast Guard has resumed operations at its credentialing hub following the restoration of funding to the Department of Homeland Security, but the restart is unfolding under the weight of a...

By Bloomberg News (Bloomberg) — China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension...

edics were working on Monday to evacuate two people with symptoms of the deadly hantavirus after a suspected outbreak on a luxury cruise ship held off West Africa carrying mostly British, American and Spanish passengers, officials said.

The U.S. military said two U.S. Navy guided-missile destroyers had entered the Gulf to break an Iranian blockade and that two U.S. merchant ships had transited the Strait of Hormuz, after Iran said it had prevented a U.S. warship entering the Gulf.

The United States has launched a major naval-backed operation in the Strait of Hormuz aimed at guiding stranded commercial vessels out of the conflict zone, with the first U.S.-flagged ships...

Corn futures have reclaimed bullish momentum over the past month, driven by a confluence of record-pace export commitments running 30% above year-ago levels, geopolitical risk premium from the ongoing U.S.-Iran conflict and its persistent disruption to the Strait of Hormuz, and a biofuel demand tailwind as elevated crude oil keeps ethanol economics attractive. After months of two-way rotation between 470 and 480, the market broke above 470 in the past week, posting a 13-month high close. The key question going forward is whether buyers can defend 470 on any pullback and press the market toward the 496 Daily Level 1 target.

State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic.

Wheat is trading lower so far on Monday morning. The wheat complex closed Friday with most exchanges higher. Chicago SRW futures saw steady to 5 cent higher trade, as May was 16 ¼ cents in the green since last Friday. There were 138 delivery notices for May CBT wheat on...

Soybeans are trading 3 to 8 cents higher so far on Monday morning. Futures closed the Friday session with 5 ¾ to 12 ¾ cent gains, as May was 24 cents higher last week. November was up 27 cents on the week. Preliminary open interest suggested new buying interest, up...