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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
Mike Schuler
via
gCaptain
Trump Administration Advances Third ‘Big Beautiful’ Gulf Lease Sale as Offshore Program Gains Momentum
The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August, marking the third offshore oil and gas lease sale under the Trump administration's accelerated energy development program.
From
Austin Schroeder
via
Barchart
Wheat Rally Leading the Grain Bull’s Charge on Friday
The wheat complex is in rally mode so far on Friday. Chicago SRW futures are posting 13 to 14 cent gains at the midday portion of the session. KC HRW futures are 12 to 13 1/4 cents higher on Friday. MPLS spring wheat is 7 to 8 cents in the...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Friday, with Help from Wheat
Corn futures are showing gains of 1 to 3 ¾ cents so far on Friday. March options expire today. Spillover support from double digit gains in wheat is helping. The CmdtyView national average Cash Corn price is up 1 3/4 cent to $3.94 1/4. With just a little over a...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Following Supreme Court Ruling
Soybeans are showing 2 to 3 ½ cent losses at Friday’s midday. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures are rallying $5.90 to $6.10 in the front months, with Soy Oil futures 81 to 87 points lower. We are closing...
From
Bloomberg
via
gCaptain
Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.
From
Bloomberg
via
gCaptain
China Snaps Up Distressed Russian Oil Cargoes Shunned by India
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.
From
Reuters
via
gCaptain
Supreme Court Strikes Down Trump’s Global Tariffs in 6–3 Ruling
The U.S. Supreme Court struck down on Friday President Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.
The APS Information Center
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From
Austin Schroeder
via
Barchart
Wheat Showing Slight Losses Ahead of Export Sales Data
Wheat is trading with contracts lower across the three exchanges. The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Friday AM
Corn is slipping back lower to start Friday trade, down fractionally to a penny. Futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. Preliminary open interest was up 8,229 contracts, showing net new buying. The...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back to Kick off Friday
Soybeans are trading with slight weakness on Friday morning, as contracts are down 2 to 3 cents. The soybean market closed out the Thursday session with contracts up 12 ¼ to 17 ½ cents across the board. CmdtyView’s national front month Cash Bean price was 13 cents at $9.37. Soymeal...
From
Reuters
via
gCaptain
NATO to Boost Baltic Sea Presence After Power, Internet Cable Damage
NATO said on Friday it will boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel electricity link.
From
Bloomberg
via
gCaptain
First Supertanker to Be Scrapped in Two Years Is a Dark Ship
The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker to be registered for demolition in more than two years, a sign that increased scrutiny on ships hauling sanctioned crude is raising pressure on operators.
From
Darin Newsom
via
Barchart
Is Boxed Beef a Good US Economic Indicator?
Two markets stood out to me overnight through early Friday morning: Natural gas with its 4.0%-plus rally and Boxed Beef coming in hot.
From
Austin Schroeder
via
Barchart
Corn Post Jolly Trade on Thursday
Corn futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. The national average Cash Corn price from cmdtyView was up 5 cents at $4.24 1/4. Weekly EIA data has been pushed back to a Friday...
From
Austin Schroeder
via
Barchart
Wheat Posts Gains Out of Christmas Break
The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat futures were 3 ½ to 4 3/4 cents in the...
From
Austin Schroeder
via
Barchart
Soybeans Rally on Soymeal Short Covering
The soybean market closed out the Thursday session with contracts up 12 ¼ to 17 ½ cents across the board. CmdtyView’s national front month Cash Bean price was 13 cents at $9.37. Soymeal futures led the rally on Argentine dryness, with contracts up $9.60 to $13.30/ton higher. Soy Oil futures...
From
Andrew Hecht
via
Barchart
Do Grains and Oilseed Futures Offer Value for 2025?
After reaching multi-year highs, and in CBOT wheat’s case, an all-time peak in 2022, grain and oilseed futures prices have plunged. Farmers in the Northern Hemisphere are on vacation after the 2024 harvest, hoping that 2025 will be a better year and prices can rebound.
From
Bloomberg
via
gCaptain
Russian LNG Carrier Forced to Store Sanctioned Cargo After Failed Four-Month Search for Buyers
A vessel carrying a sanctioned shipment of Russian liquefied natural gas appears to be offloading the fuel into storage in the nation’s far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey.
From
Chris Swift
via
Barchart
Shootin' the Bull about the stopping the beating when morale improves.
Of one thing that is for sure, with packing and production capacity well over the number of animals to take care of, rationing will continue.