Shipping Industry News

The wheat complex is trading with double digit gains across the three exchanges on Thursday. Chicago SRW futures are up 13 to 14 cents at midday. KC HRW futures are 17 to 19 cents in the green on Thursday. MPLS spring wheat is 10 to 11 cents higher so far...

Hundreds of thousands of containers are in limbo after ocean carriers suspend cargo bookings to Arabian Container Ports.

Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on shipments due to the conflict in the Middle East, according to Reuters calculations and industry analysts.

The global shipping industry is raising urgent warnings about the safety of civilian seafarers as escalating conflict in the Middle East halts commercial traffic through the Strait of Hormuz, strands hundreds of vessels, and forces insurers, labor groups, and shipowners to enact emergency measures.

War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations tied to the escalating conflict in the Middle East, according to the International Union of Marine Insurance, offering a limited pathway for ships considering a return to the region.

Corn futures held where they needed to in yesterday’s session. Can the market use that to propel a rally back above 450?

Russia’s sanctioned Arctic LNG 2 export network is showing early signs of disruption after an explosion sank one of its shadow fleet carriers in the Mediterranean this week, forcing other tankers to halt or reroute and raising new questions about the security of a key shipping corridor.

France has reached out to the governments of Italy and Greece to coordinate efforts in the Eastern Mediterranean as tensions over the war in Iran flare, a person close to French President Emmanuel Macron said.

The U.S. attack on an Iranian warship in the Indian Ocean this week was the first time since World War Two that the United States has sunk an enemy vessel with a torpedo.

Corn price action is up 1 to 2 cents so far on Thursday morning. Futures posted losses of 2 to 3 cents across most contracts on Wednesday. Preliminary open interest was down 16,636 contracts on Wednesday. The CmdtyView national average Cash Corn price was down 3 1/2 cents to $4.02...

Soybeans are showing Thursday AM gains of 1 to 3 cents. Futures rounded out Wednesday trade with slight weakness, as contracts were fractionally to 1 ¼ cents lower. Open interest was up 4,838 contracts on Wednesday. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price...

Wheat is back to higher trade on Thursday morning, up 2 to 7 cents The wheat complex was lower across the three exchanges on Wednesday. Chicago SRW futures were down 5 to 6 cents at the close. Open interest was up 3,401 contracts on Wednesday. KC HRW futures were 5...