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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
Reuters
via
gCaptain
Planes With Hantavirus Cruise Passengers Land in the Netherlands; Hospital Quarantines 12
Two planes with 28 passengers from the MV Hondius cruise ship, which was hit by a hantavirus outbreak, landed in the Netherlands on Tuesday and a Dutch hospital treating a hantavirus patient quarantined 12 staffers in a preventative measure.
From
Bloomberg
via
gCaptain
Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer
Shipping traffic in the Strait of Hormuz remained at a standstill on Tuesday, with oil rising after US President Donald Trump rejected Iran’s latest offer and suggested the ceasefire may not hold.
From
Mike Schuler
via
gCaptain
Photos Appear to Show Fire Aboard Iranian VLCC Disabled by U.S. Navy
New images circulating online appear to show damage and an active fire aboard the Iranian tanker Sea Star III days after the vessel was disabled by a U.S. Navy fighter jet during...
From
Austin Schroeder
via
Barchart
Corn Closes with Monday Gains
Corn futures closed the Monday session with contracts up 3 to 5 cents across most contracts. The CmdtyView national average Cash Corn price was up 4 cents to $4.34 3/4. USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26 and 160,000...
From
Austin Schroeder
via
Barchart
Soybeans Gains Holding on Monday’s Midday
Soybeans saw gains of 2 ¼ to 5 ½ cents across the board on Monday. The cmdtyView national average Cash Bean price was up 5 1/4 cents at $11.46 1/2. Soymeal futures were up $1.90 to $5.40, with Soy Oil futures 2 to 58 points lower. The weekly Crop Progress...
From
Austin Schroeder
via
Barchart
Wheat Rallies on Monday, with Crop Conditions Deteriorating
The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. KC HRW futures were up 8 ½ to 12 ¼ cents at the close, with front month may up a penny. MPLS spring wheat were up...
From
Chris Swift
via
Barchart
Shootin' the Bull about undercutting both producers and processors
It was anticipated for there to be a reduction in processing or production capacity sooner, than later. Either would have helped to curtail the continual bidding higher to make sure inventory wound up at your place and not your competitor. Unfortunately, this step by the President undercuts both production and processing, at the same time.
From
Mike Schuler
via
gCaptain
Trump’s Economic Fury Targets Iranian Oil Network as U.S. Expands Pressure Campaign
The Trump administration on Monday unveiled a sweeping new round of sanctions targeting the Islamic Revolutionary Guard Corps’ (IRGC) global oil network, escalating its “Economic Fury” campaign aimed at cutting...
From
Lori Ann LaRocco
via
gCaptain
Port of Los Angeles Chief Says Shipping Won’t Normalize Without Lasting Hormuz Stability
By Lori Ann LaRocco – The Port of Los Angeles reported strong results in April, but the port’s head warns that high energy prices are hitting the trucking community hard....
From
Mike Schuler
via
gCaptain
U.S. Navy Unveils $65.8 Billion Shipbuilding Push to Launch Trump’s ‘Golden Fleet’
The Department of the Navy has released its Fiscal Year 2027 Shipbuilding Plan, laying out a sweeping 30-year strategy to expand the fleet, overhaul naval acquisition, and revive the U.S....