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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
Mike Schuler
via
gCaptain
60 Minutes Catches Up to America’s Shipbuilding Crisis Long Flagged by Maritime Industry
The U.S. shipbuilding crisis broke into the national spotlight this week as 60 Minutes took a closer look at the growing gap between American shipyards and their Asian rivals—something maritime industry insiders...
From
Austin Schroeder
via
Barchart
Soybeans Posting Marginal Monday Gains
Soybeans are showing 3 to 6 cent gains at Monday’s midday. The cmdtyView national average Cash Bean price is up 3 3/4 cents at $10.90 1/4. Soymeal futures are down $1.50 to $2, with Soy Oil futures up 7 to 10 points. Early on Monday morning, President Trump put out...
From
Austin Schroeder
via
Barchart
Corn Holding onto Losses at Midday Following Trump Iran Comments
Corn futures are down 3 to 6 cents so far on Monday. The CmdtyView national average Cash Corn price is down 5 3/4 cents to $4.18. Early on Monday morning, President Trump put out a Truth Social post ordering the military to postpone strikes against Iranian power plants and energy...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Monday
The wheat complex is holding onto midday losses so far on Monday. Chicago SRW futures are 8 to 9 1/4 cents lower. KC HRW futures are 4 to 5 cents in the red. MPLS spring wheat is fractionally to 2 cents lower at midday. USDA’s FGIS tallied wheat export shipments...
From
Reuters
via
gCaptain
Oil Prices Have Not Climbed Enough to Cause Demand Destruction, US Energy Secretary Says
Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran.
From
Oliver Sloup
via
Barchart
Headline Risks Remain High in Ag Markets
Headline risks remain high across asset classes, creating shorter term opportunities on both sides of the market. Oliver Sloup joins RFD-TV to break down for you.
From
Mike Schuler
via
gCaptain
Trump Administration Reimburses TotalEnergies $928M to Scrap Offshore Wind Leases, Pivot to LNG
The Trump administration has struck a $928 million deal with TotalEnergies to abandon two major U.S. offshore wind leases and redirect the capital into LNG and oil and gas development, marking a decisive shift in strategy after federal courts blocked efforts to halt projects on national security grounds.
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From
Austin Schroeder
via
Barchart
Corn Holding Higher on Thursday
Corn futures are trading with 5 to 7 cent gains so far on Thursday. The CmdtyView national average Cash Corn price is up 6 ¼ cents to $4.26 1/4 Export sales data from this morning showed 1.17 MMT of old crop corn sold in the week ending on 3/12, in...
From
Reuters
via
gCaptain
Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO told Reuters on Thursday.
From
Mike Schuler
via
gCaptain
Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific routes continues to support the...
From
Mike Schuler
via
gCaptain
MSC Formalizes Tie-Up With Tanker Giant Sinokor After Massive VLCC Buying Spree
Mediterranean Shipping Company is moving to take joint control of South Korea’s Sinokor Maritime, formalizing a relationship that has drawn growing attention across tanker markets. A March 11 competition filing...
From
Jim Wyckoff
via
Barchart
Spreads Unwinding: Soybean Meal Prices Highlight a Buying Opportunity Here
May soybean meal futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
G7 Allies Condemn Iran’s ‘De Facto Closure’ of Hormuz, Call for Immediate Halt to Attacks
Leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan issued a joint statement Thursday condemning Iran’s recent actions in the Persian Gulf, warning that escalating attacks on...
From
Trent Klarenbach
via
Barchart
Canola Technical Analysis Chart for the Nerds
Some Fibs, moving averages and some Elliott Wave.
From
Reuters
via
gCaptain
CK Hutchison Says Still in Talks Over Ports Assets Sale
CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been overshadowed by a legal fight with the Panamanian authorities, as it posted a 7% rise in 2025 underlying profit.
From
Bloomberg
via
gCaptain
Iran’s Hormuz Blockade Is Helping a Little-Used Kenyan Port
The closure of the Strait of Hormuz is turning Kenya’s Lamu port into a surprise refuge, as vessels bound for the Middle East divert and discharge cargo at the rarely used facility.
From
Austin Schroeder
via
Barchart
Corn Posting Thursday Morning Gains
Corn price action is 4 to 5 cents higher so far on Thursday AM trade. Futures closed out the Wednesday session with contracts 7 to 9 cents higher and some deferred contracts 2 to 4 ¾ cents in the green. Open interest rose 18,163 contracts on Wednesday, mainly in July...
From
Austin Schroeder
via
Barchart
Soybeans Higher to Start Thursday Trade
Soybeans are trading fractionally higher in some front months early on Thursday, as November is up 6 cents. Futures posted 4 ¾ to 10 ¼ cent gains across the front months on Wednesday, as new crop led the charge with the new crop soy/corn ratio creeping towards 2.33. Open interest...
From
Austin Schroeder
via
Barchart
Wheat Pushing Gains to Start Thursday
Wheat is higher across the three markets on Thursday. The wheat complex rallied double digits on the Wednesday session. Chicago SRW futures were 11 to 14 3/4 cents higher on the day. Open interest showed some rotation of ownership, up just 472 contracts. KC HRW futures were 18 1/4 to...