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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
Wheat Showing Mostly Lower Thursday Morning Trade
Wheat is mostly lower early on Thursday morning. 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. Open interest was up 3,742 contracts. KC HRW futures were down 4 ¾ to 7 ¾...
From
Austin Schroeder
via
Barchart
Corn Falling Back Early on Thursday
Corn prices are down 6 to 7 cents so far on Thursday morning. Futures posted mixed action at the Wednesday close, with contracts within a penny of either side of unchanged. Open interest was up 10,445 contracts on Wednesday. There were 17 deliveries against May futures overnight, with the contract...
From
Austin Schroeder
via
Barchart
Soybeans Falling Back Following Trump/Xi meeting
Soybeans are trading with 20 to 27 cent losses early on Thursday morning. Futures saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. Open interest was up 14,129 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 3 1/4 cents...
From
Reuters
via
gCaptain
Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
A Panama-flagged crude oil tanker managed by Japanese refining group Eneos 5020.T has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked oil ship making it through.
From
Bloomberg
via
gCaptain
Two India-Bound LPG Tankers Add to Uptick in Hormuz Transits
Two India-bound vessels laden with cooking fuel from the Persian Gulf appear to have transited the Strait of Hormuz, making them the latest to exit despite continued restrictions from the US and Iran.
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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Corn Posting Gains to Round Out the Week
Corn futures are trading with contracts up 5 to 7 ¼ cents across most contracts on Friday. The CmdtyView national average Cash Corn price is higher on the day to $4.41 ¾. USDA reported a private export sale of 148,240 MT of corn to unknown destination this morning, with 78,240...
From
Reuters
via
gCaptain
Venezuela Oil Exports Hit 7-Year High as U.S., India, Europe Ramp Up Buying
Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States, India and Europe, shipping data and documents from state company PDVSA showed on Friday.
From
Mike Schuler
via
gCaptain
U.S. Treasury Expands Hormuz ‘Toll’ Warning, Puts Maritime Industry on Notice
The U.S. Treasury Department has widened its warning over reported Iranian “toll” demands in the Strait of Hormuz, issuing a new alert that lays out, in far more detail, the...
From
Darin Newsom
via
Barchart
What Can the CFTC Do About It?
There are more calls for the CFTC to step in and start regulating all the new "trading" (aka gambling) taking place in markets these days. The problem is the Commission's hands are tied.
From
The Loadstar
via
gCaptain
Transpacific Defies Downtrend as Container Spot Rates Climb on War-Driven Demand
Container spot freight rates on the transpacific trade into the North America west coast managed to defy gravity and edge up this week, while most other east-west trades witnessed a third consecutive week of declines.
From
Mike Schuler
via
gCaptain
Piracy Resurfaces Off Somalia as Hormuz Crisis Stretches Naval Security
Piracy concerns are escalating rapidly off the Horn of Africa after two vessels were hijacked last week and multiple new approaches were reported across the western Indian Ocean, prompting security...
From
Austin Schroeder
via
Barchart
Corn Back to Higher Trade on Friday Morning
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted modest losses to close out April with contracts ¼ to 3 ½ cents. There were 19 delivery notices on First Notice Day...
From
Austin Schroeder
via
Barchart
Wheat Trading with Friday AM Gains
Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures were down 11 ¾ to 18 ½ cents in the front months. There were 312 delivery notices against...
From
Austin Schroeder
via
Barchart
Soybeans Posting Friday AM Strength
Soybeans are extending higher on Friday morning, with contracts up 3 to 4 cents. Futures bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. Open interest rose...
From
Trent Klarenbach
via
Barchart
Soybeans: The Battle for $12.00 & $12.70 Price Targets
Nearby soybeans battle $12.00 as farmers watch the 200-week moving average. Our analysis shows why this market rally could reach a $12.70 target.
From
Jim Wyckoff
via
Barchart
Soybean Meal Is a Value-Buying Opportunity, And These Prices Highlight a Swing Trade Here
July soybean meal futures present a swing-trade buying opportunity on more price strength.
From
Oliver Sloup
via
Barchart
New crop corn and soybeans continue to impress. Is a bigger move coming this Spring/Summer?
April proved to be another strong month for grains. Can the winning streak continue in May? Fundamental catalysts and technical tailwinds may be able to help prices surprise to the upside.