Shipping Industry News

Soybean futures are down another 6 to 9 cents so far to start the midweek session. Soybeans fell lower into Tuesday’s close despite tightening world supplies. Contracts closed with 2 to 6 cent losses, led by the nearbys. CmdtyView’s national front month Cash Bean price was down 6 cent at...

U.S. sanctions continue to severely hamper Russia’s efforts to deliver LNG from the designated Arctic LNG 2 plant to customers. Five months after loading cargo at the Arctic gas terminal LNG carrier East Energy (139,833-cbm) moored up yesterday alongside the Koryak floating storage barge to seemingly offload its cargo.

Two U.S. Navy ships sailed through the sensitive Taiwan Strait this week in the first such mission since President Donald Trump took office last month, drawing an angry reaction from China, which said the mission increased security risks.

Jim’s Video gives his take on how the storms will play out for certain markets

Soybeans slipped lower on Tuesday despite tightening world supplies per USDA data, as contracts closed with 2 to 6 cent losses, led by the front months. CmdtyView’s national front month Cash Bean price was down 6 cent at $9.82 3/4. Soymeal futures were down $3.60/ton, as they failed to find...

Corn futures failed to see much positive reaction post-USDA report on Tuesday, despite a cut to both the Argentina and Brazilian crops. Contracts closed with losses of 6 to 8 cents in the front months and a penny lower in new crop December. The national average Cash Corn price from...

The wheat market posted losses across the three exchanges on Tuesday, failing to see any follow-through buying on bull friendly USDA data. Chicago SRW futures were down 1 to 2 ½ cents on the day despite midday gains. KC HRW futures faced some pressure, as contracts were 4 to 5...

Ending Stocks for Corn and Soybeans Unchanged from January

An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo.

Global balance sheets provide silver linings in a largely uneventful USDA report.

The tiger trap was dug deeper today.  Cattlemen hedging now will face greater probability of loss due to width of positive basis.

The National Transportation Safety Board (NTSB) has determined that inadequate anchor chain scope and navigational errors led to the grounding and total loss of the cargo vessel Bonnie G in St. Thomas,...