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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
Oliver Sloup
via
Barchart
Mixed Markets to Start Tuesday's Trade
Grain markets stabilize following a whacky Monday trade. These are the levels to watch.
From
Austin Schroeder
via
Barchart
Corn Getting an Early Turnaround Tuesday Bounce
Corn price action is up 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes...
From
Austin Schroeder
via
Barchart
Wheat Showing Marginal Gains on Tuesday Morning
Wheat is showing slight strength on Tuesday morning. 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. Open interest was down 1,680 contracts on Monday. KC HRW futures were fractionally to 3 cents in...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Tuesday
Soybeans are trading with 4 to 6 cent losses so far on Tuesday. Futures posted gains of 2 ¼ to 7 ¼ cents in the front months on Monday. Open interest suggested very light short covering, down 1,630 contracts. The cmdtyView national average Cash Bean price was up 3 3/4...
From
Darin Newsom
via
Barchart
What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 2)
Though global markets can be independent of each other, there are connections running throughout the commodity complex.
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...
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From
Reuters
via
gCaptain
Indian Source Says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives
Iran will allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said on Thursday, but an Iranian source outside the country denied any such deal was reached.
From
Bloomberg
via
gCaptain
US Hormuz Escorts May Start by End of the Month, Wright Says
The US Navy could start escorting tankers through the Strait of Hormuz by the end of this month, Energy Secretary Chris Wright said.
Wright said on CNBC on Thursday US military assets were currently focused on destroying Iran’s offensive capabilities and weapons manufacturing, but could shift focus to protecting shipping traffic in the coming weeks.
From
Oliver Sloup
via
Barchart
Grain Markets Run Back to the Highs!
Grain markets are relatively quiet in the early morning trade with a holiday tomorrow and July options expiration on Friday.
From
Austin Schroeder
via
Barchart
Wheat Closes with Higher Trade on Wednesday
The wheat complex saw higher trade on Wednesday. Chicago SRW futures were 3 to 4 cents in the green on Wednesday. Open interest rose 9,021 contracts, suggesting new buying. KC HRW futures were up 4 to 5 cents in the front months. MPLS spring wheat was up 3 cents in...
From
Austin Schroeder
via
Barchart
Soybeans Continue Double Digit Gains on Thursday Morning
Soybeans are trading with 15 to 17 cent gains so far on Thursday. Futures saw gains of 12 to 14 cents in the front months on Wednesday. Open interest showed net new buying, up 15,897 contracts. There were 23 deliveries notices against March futures overnight. The cmdtyView national average Cash...
From
Austin Schroeder
via
Barchart
Corn Rally Continues on Thursday Morning
Corn prices are 4 to 6 cents higher so far on Thursday morning. Futures closed with 8 to 9 cent gains in the front months on Wednesday. Open interest was up 46,175 contracts on Wednesday. There were 137 deliveries issued against March corn overnight. The CmdtyView national average Cash Corn...
From
Trent Klarenbach
via
Barchart
Canola and the RSI
We take a brief look at the Canola Nearby weekly chart and the RSI
From
Malte Humpert
via
gCaptain
Russia Pushes Icebreakers to 270 Days at Sea as Sanctions Slow Arctic Fleet Renewal
Russia will push its nuclear-powered icebreakers to sea for up to 270 days a year, increasing workloads as an ageing fleet, sanctions-related delays and unpredictable ice conditions strain Moscow’s ability to escort cargo along the Northern Sea Route.
From
Mike Schuler
via
gCaptain
U.S. to Release 172 Million SPR Barrels as New Tanker Attacks Drive Oil Higher
The United States will release 172 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) beginning next week as part of a record 400-million-barrel coordinated stock draw agreed by the International Energy...
From
Mike Schuler
via
gCaptain
Tankers and Containership Hit Across Persian Gulf as Maritime Attacks Continue
A new series of maritime attacks has struck commercial vessels across the Persian Gulf overnight, signaling that the shipping conflict linked to the escalating U.S.–Israel confrontation with Iran is continuing...
From
Austin Schroeder
via
Barchart
Wheat Closes with Higher Trade on Wednesday
The wheat complex saw higher trade on Wednesday. Chicago SRW futures were 3 to 4 cents in the green on Wednesday. KC HRW futures were up 4 to 5 cents in the front months. MPLS spring wheat was up 3 cents in the front months on Wednesday. The next 7...
From
Austin Schroeder
via
Barchart
Soybeans Post Double Digit Gains on Wednesday
Soybeans saw gains of 12 to 14 cents in the front months on Wednesday. The cmdtyView national average Cash Bean price was up 12 cents at $11.39 1/4. Soymeal futures were up 10 to 90 cents, with Soy Oil futures 122 to 175 points higher. There were 200 deliveries issued...