Shipping Industry News

There’s an old saying in the trading world: “You get the dollar right, you get a lot of things right.” This week, it seems to be: “You get oil right, you get a lot of things right.” Oliver Sloup joined RFD to break down the recent moves in oil and commodity markets. Tune in!

The push to bring nuclear energy back into commercial shipping is gaining momentum as the American Bureau of Shipping (ABS) and South Korea’s HD Hyundai shipbuilding group launch a new effort to study nuclear-powered...

Oil futures continued to surge higher Sunday night, trading to the highest levels since 2022. The move higher continued to add a tailwind to grains, which hit new highs. If crude oil retraces some of the recent gains, will grains follow?

Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.

A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted.

Corn price action is up 4 to 5 cents on Monday morning, though some contracts are 10 to 12 cents off the overnight highs. Futures posted gains of 3 ¾ to 8 ¼ cents across the board on Friday, as May managed a 12 cent gain on the week and...

Wheat is holding onto Monday AM gains, though most contracts have slipped off overnight highs. The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures were up 24 ½ to 33 cents at the close, as May was 25 ¼...

Soybeans are continuing the strength on Monday morning, as contracts are up 12 to 15 cents. Some contracts are 18 to 20 cents off the overnight highs. Futures rallied 16 ¾ to 21 ½ cents in the old crop contracts on Friday, as other contracts were 5 to 12 ½...

Chicago wheat futures spent much of 2025 under sustained selling pressure as ample global supply and strong export competition from the Black Sea region weighed on prices. Sellers maintained control from March through the fall, keeping prices pinned near the yearly VWAP before buyers began responding near the 510 level in November. That reaction led to a multi month consolidation between 510 and 560 as markets balanced comfortable supply conditions against intermittent geopolitical disruptions affecting Black Sea grain exports and improving sentiment toward global agricultural trade following renewed U.S. China engagement. More recently, buyers have pushed prices above the upper end of that range, placing the market in a position where it must now determine whether higher prices can be accepted above value. In the coming weeks, the key technical battleground will likely center around resistance near 610 and support near 560, with near term catalysts such as export tenders, Black Sea shipping disruptions, and weekly export data helping determine the next directional move.

Overnight through early Monday morning saw the Energies sector hit prices not seen since 2022.

Just nine months before a full European Union ban on Russian liquefied natural gas (LNG) is scheduled to take effect, EU buyers purchased every cargo from Russia’s Yamal LNG project in February, highlighting a stark disconnect between policy intentions and market realities.

By Katharine Jackson and Curtis Williams WASHINGTON, March 8 (Reuters) – Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russianoil and predicted that a sharp increase in...