Shipping Industry News

The wheat market is continuing losses on Monday across the three exchanges. Chicago SRW futures are 3 to 9 cents lower at midday. There were 257 deliveries issued against March CBT wheat overnight. KC HRW futures are down 9 to 11 cents at midday. March KC wheat had 183 delivery...

The corn market is posting another round of weaker trade on Monday, with losses of 4 to 13 cents across the board, led by the front months. There were 220 deliveries issued against March futures overnight, all by a Marex customer. CmdtyView’s national average Cash Corn price is down 7...

The Philippines is optimistic of Washington’s continued military support under President Donald Trump, but the Southeast Asian nation should be prepared if aid is discontinued, Manila’s envoy to the US said, in the wake of renewed pressure between America and its western allies.

Russia’s Arctic port of Arkhangelsk has developed into a key hub for containerized cargo. Last year the terminal saw ten export-import voyages by Chinese container vessels, up from just one the year prior. In total the port handled 13,500 standard twenty-foot containers (TEU) in 2024, compared to just 380 TEU during the preceding twelve months.

Additional sections of a bridge across the Elbe River in the East German town of Dresden collapsed over the weekend, again prompting a 72 hour halt to shipping.

U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids.

Tariffs on the horizon

CMA CGM Group posted 2024 results broadly similar to those of AP Møller Maersk (APMM), but warned of a difficult year to come. As usual, however, the French shipping group, which has now integrated Bolloré Logistics into its Ceva subsidiary, did not provide full transparency into its numbers.

The soybean market is trading with losses of 1 to 3 cents early on Monday morning. Soybeans joined in on the selling on Friday, with contracts down 11 to 13 cents across the front months. Preliminary open interest showed net new selling, up 14,265 contracts. March lost 28 cents (2.69%)...

Wheat is trying to battle back higher to kickoff Monday trade, as futures are firmer across the three markets. The wheat market fell even further across the three exchanges on Friday to deepen the losses for the week. Chicago SRW futures were 6 to 10 cents lower at the close,...

Corn is continuing the slide to start the week, as contracts are down 1 to 4 cents on Monday morning. The corn market selloff extended into the Friday close, as front months were down 11 to 12 cents and new crop December losing 6 ¾ cents. March ended the week...

NATO member Norway will continue to supply fuel for U.S. Navy ships, the country's defense minister said on Sunday, after a call from a private marine fuel supplier to stop doing so in response to the apparent breakdown in U.S.-Ukrainian relations.