Shipping Industry News

The soybean market is showing 10 to 17 cent gains so far on Tuesday midday trade. Contracts are well off their overnight lows as beans have been left off a list of Chinese retaliatory tariffs. CmdtyView’s national front month Cash Bean price is up 16 cents at $10.13 1/4. Soymeal...

U.S. President Donald Trump on Tuesday plans to restore his "maximum pressure" campaign on Iran in an effort to stop Tehran from obtaining a nuclear weapon and drive its oil exports down to zero, a U.S. official said.

Russia’s crude exports have yet to be curtailed by the latest US sanctions to target its oil, with flows broadly stable. But while loading cargoes onto tankers is one thing, getting them off is another — and signs are emerging that the curbs are stalling the completion of shipments.

China imposed targeted tariffs on U.S. imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.

Enterprise Products Partners announced today that its Sea Port Oil Terminal (SPOT) project lacks sufficient customer interest to move forward with commercialization, casting doubt on the future of what was...

Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation, a potential concession to defuse President Donald Trump’s threats about countering China’s influence around the key waterway.

Grain markets had a wild session to start the week and month. Expect the volatility to continue offering good shorter term trading opportunities

Corn futures are trading with contracts fractionally mixed in the nearbys, with other deferred contracts down 2 cents. The corn market posted gains of 4 to 7 cents across most contracts on Monday. Futures shrugged off the overnight and early morning tariff weakness as they were pushed back another month....

The wheat market is pulling back Tuesday, with losses across the three markets. Wheat posted Monday strength across the three exchanges to close out the session. Chicago SRW futures were up 6 to 8 cents in the nearbys. KC HRW futures were 6 to 8 cents higher in the front...

The soybean market is showing 1 to 5 cent losses so far on Tuesday morning trade, as contracts are off their overnight lows with beans left off a list of Chinese retaliatory tariffs. Soybeans closed out the Monday session with contracts up 12o 16 cents in most of the nearbys....

Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen's Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks on ships not linked to Israel.

Markets in general quieted overnight through early Tuesday morning as the debate over how recent events played out grew louder.