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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
Corn Slipping Lower on Thursday
Corn futures are trading with midday losses of 1 to 2 1/2 cents on Thursday. The CmdtyView national average Cash Corn price is up ½ cent to $3.94 1/2. EIA data from this morning showed ethanol production in the week ending on 2/13 at 1.118 million barrels per day, up...
From
Austin Schroeder
via
Barchart
Wheat Rally Continuing on Thursday
The wheat complex is in rally mode across all three markets on Thursday. Chicago SRW futures are trading 10 to 12 higher so far on the day to lead the bull’s charge. KC HRW futures is joining in on the rally, with futures up 9 to 11 cents so far...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Thursday
Soybeans are posting 4 to 5 cents across the front months on Thursday’s midday. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are up 40 to 20 cents lower in the front months, with Soy Oil futures 85 to 90 points higher....
From
Reuters
via
gCaptain
Ukraine’s Grain, Iron Ore Exports Hit by Russian Strikes on Ports This Winter
Russian airstrikes on Ukraine's Black Sea ports late last year have reduced their capacity and harmed Ukrainian agricultural and mineral exports, industry sources said, the country's main source of income during its four-year war with Russia.
From
Mike Schuler
via
gCaptain
Sixth Straight Week of Decline: Container Rates Fall as Pre-Lunar New Year Surge Fails to Materialize
Global container shipping rates extended their decline for a sixth consecutive week, dropping 1% to $1,919 per 40-foot container as the traditional pre-Lunar New Year cargo rush continues to disappoint...
From
Bloomberg
via
gCaptain
US Notches One of Its Biggest Annual Trade Gaps Since 1960
The U.S. trade deficit widened to $70.3 billion in December, pushing the full-year 2025 shortfall to $901.5 billion despite months of tariff-driven volatility. Imports rose 3.6% while exports slipped 1.7%, with swings in gold, pharmaceuticals, and computer equipment distorting monthly figures.
From
Mike Schuler
via
gCaptain
After Frigate Setbacks, Navy Turns to Commercial-Style Construction Manager for Medium Landing Ship Program
The U.S. Navy has issued a Request for Proposal for a Vessel Construction Manager (VCM) to oversee production of the Medium Landing Ship, marking a significant departure from traditional shipbuilding...
The APS Information Center
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From
Reuters
via
gCaptain
China Foreign Ministry Not Aware of Shandong Port Group Ban on Sanctioned Ships
China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbors.
From
Mike Schuler
via
gCaptain
Royal Fleet Auxiliary Officers Accept Historic Pay Deal
Trade union Nautilus International has announced that Royal Fleet Auxiliary (RFA) officers in the UK have voted to accept an above-inflation pay offer for 2024/25, marking a significant step towards...
From
Mike Schuler
via
gCaptain
Finnish Authorities Find Alarming Safety Deficiencies on Russian Tanker Suspected Cable Damage
Finnish maritime authorities have detained the tanker Eagle S following a port state control inspection that revealed numerous serious safety deficiencies. The vessel, identified as part of Russia’s sanctions-evading shadow...
From
Austin Schroeder
via
Barchart
Wheat Retreating to Kick Off Wednesday Trade
Wheat is starting the midweek trade with weaker action across the three markets. The wheat market posted gains across the three markets on Tuesday. Chicago SRW futures were up 1 to 2 cents on the day. KC HRW contracts posted gains of 2 to 3 cents. MPLS spring wheat futures...
From
Austin Schroeder
via
Barchart
Soybeans Mostly Lower to Start Wednesday
The soybean market is slipping lower to kick off the Wednesday session, with contracts down 2 to 4 cents. Soybeans got a pop off the early session losses, as contracts closed with fractional to 2 cent losses. Pr3eliminary open interest showed a rotation of ownership, up 822 contracts. CmdtyView’s national...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower on Wednesday Morning
Corn futures are trading with 1 to 2 cent losses in early Wednesday trade. The corn market closed out the session with contracts posting fractional gains in the front months after spending most of the session in the red. Preliminary open interest was up 11,911 contracts on Tuesday. The national...
From
Bloomberg
via
gCaptain
Russia’s Crude Shipments Tumble to the Lowest in 16 Months
Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since an October peak to 540,000 barrels a day.
From
Reuters
via
gCaptain
China-linked Shipowner Denies Taiwan Accusation of Damaging Undersea Cable
The Chinese director of a firm whose vessel Taiwan suspects of having damaged an undersea communications cable said on Wednesday there was no evidence the ship was involved, an incident that has alarmed the government in Taipei.
From
Austin Schroeder
via
Barchart
Soybeans Rallies Back to Close Near Unchanged
Soybeans got a pop off the early session losses, as contracts closed with fractional to 2 cent losses. CmdtyView’s national front month Cash Bean price was down 1/2 at $9.41 1/2. Soymeal futures fell back $2.70 to $3.30/ton on the day to add some pressure. Soy Oil futures were up...
From
Austin Schroeder
via
Barchart
Wheat Closes Higher on Tuesday
The wheat market posted gains across the three markets on Tuesday. Chicago SRW futures were up 1 to 2 cents on the day. KC HRW contracts posted gains of 2 to 3 cents. MPLS spring wheat futures were 2 to 3 cents in the green. On Monday afternoon, individual state...
From
Austin Schroeder
via
Barchart
Corn Rallies Back to a Higher Close on Tuesday
The corn market closed out the session with contracts posting fractional gains in the front months after spending most of the session in the red. The national average Cash Corn price from cmdtyView was steady at $4.28 1/2. USDA reported a private export sale of 110,000 MT of corn sold...
From
Chris Swift
via
Barchart
Shootin' the Bull about more risks than money
Sound business practices, expectations on rate of return, and alternative investments are being tossed out the window for the opportunity to own over priced, labor and input intensive cattle on expectations of the price going even higher.