Shipping Industry News

Caturus announced Friday it has reached final investment decision (FID) on the long-delayed 9.5 million tonnes per annum (mtpa) Commonwealth LNG export terminal in Cameron Parish, Louisiana, backed by $9.75 billion in project...

The Panama Canal is not planning vessel passage restrictions for the remainder of 2026 even if an El Niño weather pattern begins in the second half of the year as predicted, potentially leading to another drought in the Central American country, the waterway told Reuters.

U.S. President Donald Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed that Tehran must reopen the Strait of Hormuz, but China gave no indication it would weigh in.

The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.

Corn price action is down 4 to 5 cents so far on Friday morning. Futures were down 9 to 15 cents in the front months on Thursday, falling with the rest of the grain complex as very few details were announced out of the Trump/Xi meeting. Preliminary open interest was...

Soybeans are showing 11 to 13 cents lower trade so far on Friday after collapsing on Thursday. Futures posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to...

Wheat is trading with losses across the three exchanges early on Friday. The wheat complex was under pressure with the rest of the grains on Thursday, as the Trump/Xi meeting yielded very few headlines for any potential ag purchases. Chicago SRW futures were down 11 3/4 to 18 cents in...

All it took was one look at Friday morning markets to confirm what the trip by the US contingent to China was all about - Selling ill-gotten oil.

China wants to see the Strait of Hormuz reopen without curbs or tolls, U.S. Trade Representative Jamieson Greer told Bloomberg News in a live interview on Friday, adding that the U.S. was confident Beijing would act to limit material support for Iran.

Soybeans posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to $6, with Soy Oil futures falling 44 to 83 points. May futures expired today. A meeting between...

Corn futures were down 9 to 15 cents in the front months on Thursday, falling with the rest of the grain complex as very few details were announced out of the Trump/Xi meeting. May futures expired today. The CmdtyView national average Cash Corn price was down 13 cents to $4.27....

The wheat complex was under pressure with the rest of the grains on Thursday, as the Trump/Xi meeting yielded very few headlines for any potential ag purchases. Chicago SRW futures were down 11 3/4 to 18 cents in the front months. KC HRW futures were leading the charge, with 11...