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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
Soybeans Trading with Wednesday Gains Ahead of Trump/Xi Visit
Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. President Trump landed in...
From
Austin Schroeder
via
Barchart
Wheat Slipping Back on Wednesday’s Midday
The wheat complex is showing a modest correction on Wednesday following the Tuesday limit gains. Chicago SRW is down 1 to 2 cents at midday. KC HRW futures are 2 to 4 cents in the red so far. MPLS spring wheat is slipping back with fractional losses in the front...
From
Austin Schroeder
via
Barchart
Corn Showing Midday Wednesday Gains as Ethanol Production Improve
Corn futures are trading with 1 to 2 cent gains so far on Wednesday. There were 36 deliveries against May futures overnight. The CmdtyView national average Cash Corn price is up 2 cents to $4.41. Weekly EIA data from this morning showed a 65,000 barrel per day hike in ethanol...
From
Reuters
via
gCaptain
China-Linked Supertanker Makes Rare Strait of Hormuz Transit Ahead of Trump-Xi Summit
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.
From
Mike Schuler
via
gCaptain
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
The International Energy Agency is warning that the ongoing disruption in the Strait of Hormuz is triggering one of the largest oil market shocks in modern history, with global oil demand now...
From
Reuters
via
gCaptain
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
U.S. President Donald Trump has said he does not expect to need China's help to end the war in Iran and ease Tehran's grip on the Strait of Hormuz, in remarks made before he arrived in Beijing on Wednesday for a summit with President Xi Jinping.
From
Bloomberg
via
gCaptain
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Landlocked and surrounded by richer, more powerful neighbors, Malawi has long been a victim of geography and economics. It now finds itself at the sharp end of a crisis being made more than 3,000 miles away.
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From
Austin Schroeder
via
Barchart
Corn Holding onto Tuesday Gains
Corn futures are holding up on Tuesday, despite a USDA report more on the bear side of things. Contracts are up 3 to 4 cents The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.38 3/4. The May WASDE report from this morning saw a 15...
From
Trent Klarenbach
via
Barchart
Hard Red Spring Wheat: WASDE Sparks New Highs
Hard Red Spring Wheat hits new highs following the latest WASDE report. Prairie farmers should watch for potential pullbacks before chasing market trends.
From
Mike Schuler
via
gCaptain
Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?
President Donald Trump’s latest social media bravado about Iranian “fast attack ships” may play well online, but maritime security experts and even the U.S. military’s own assessments suggest the threat...
From
Bloomberg
via
gCaptain
Iraqi Supertanker Pulls Back From U.S. Hormuz Blockade
The Strait of Hormuz remains largely shuttered, with Iran-linked vessels dominating what little traffic is moving across the waterway. An Iraqi supertanker’s rare passage has come to a halt after a retreat from the US naval blockade line.
From
Paul Morgan
via
gCaptain
America’s Nuclear Shipping Revival Is About More Than Reactors
Sean Duffy’s MARAD initiative may look like another Trump-era energy dominance announcement, but beneath the politics lies a serious industrial question: can the United States build the regulatory, shipyard, insurance...
From
Mike Schuler
via
gCaptain
Foreign Operators of M/V Dali Indicted Over Fatal Baltimore Bridge Collapse
Federal prosecutors have brought criminal charges against the foreign ship management companies and a technical superintendent tied to the catastrophic collapse of Baltimore’s Francis Scott Key Bridge, marking a major...
From
Austin Schroeder
via
Barchart
Corn Starting Tuesday with Early Strength
Corn prices are up 3 to 4 cents so far on Tuesday. Futures closed the Monday session with contracts up 3 to 5 cents across most contracts. Open interest showed modest short covering, down 3,444 contracts, mainly in July (-9,266). The CmdtyView national average Cash Corn price was up 4...
From
Austin Schroeder
via
Barchart
Soybeans Trading with Early Tuesday Gains Ahead of USDA Report
Soybeans are trading with 2 to 5 cent gains on Tuesday morning. Futures saw gains of 2 ¼ to 5 ½ cents across the board on Monday. Net new buying was noted, with open interest up 2,921 contracts, heavily in November (+3,969). The cmdtyView national average Cash Bean price was...
From
Austin Schroeder
via
Barchart
Wheat Starting Tuesday with Gains as Crop Conditions Drop
Wheat is extending the bounce from Monday, with early Tuesday double digit gains. The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. Open interest suggested new buying, up 2,947 contracts, mainly in December (+4,057) KC...
From
Darin Newsom
via
Barchart
Why is Tuesday Like Christmas to the BRACE Industry?
For those who live and breathe only because the government is benevolent enough to bestow imaginary numbers on them, Tuesday is their day.