Shipping Industry News

The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it said in a statement on Thursday.

Trent Klarenbach of Klarenbach Research discusses the state of the soybean market as of December 11, 2024 analying the weekly and daily trends with a focus on key moving averages and levels of support and resistance.

Watch us on RFD-TV, today at 12:45pm CT! Grain markets failed to find any meaningful follow through in Wednesdays trade. A healthy pause or a top?

Wheat is showing fractional to 3 cent gains so far. The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. There were another 5 deliveries issued against December CBT wheat overnight....

Corn price action has thing starting on the lower side of unchanged so far on Thursday by 1 to 3 cents. Futures slipped up into the close running into some technical resistance, with nearbys down ¾ to 2 ½ cents and other contracts up ¼ to 2 ¾ cents. Preliminary...

The soybean market is showing some slight 1 to 2 cent gains so far. Soybeans settled the Wednesday session with contracts ¾ to 5 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1/2 cent at $9.46 1/2. Soymeal futures were down 90 cents to 40 cents/ton...

The only commodity complex sector not in the red early Thursday morning was Livestock, because markets there don't trade overnight. But that's just the beginning of the story.

Russian Oil major Rosneft has delayed the commissioning of the Vostok Oil project until 2026, in part due to a shortage of ice-capable oil tankers as a result of Western sanctions. Earlier this year the U.S. announced sanctions aimed at slowing down or halting the construction and logistics operations of the project.

The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade petroleum products derived from Russian oil through early June.

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.

The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. KC HRW contracts were up 1 ½ to cents on the day. MPLS spring wheat was steady to 3 1/4 cents...

Soybeans settled the Wednesday session with contracts ¾ to 5 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1/2 cent at $9.46 1/2. Soymeal futures were down 90 cents to 40 cents/ton higher on the day. Soy Oil futures ended down 21 to 30 points on...