Shipping Industry News

A tremendous amount of volatility today. Futures appeared to begrudgingly move higher with cash remaining firm.

Denmark's maritime authority said on Thursday it had detained an Iran-flagged container vessel anchored in the Nordic country's waters on the grounds that it was not properly registered.

Corn futures are trading with midday losses of 1 to 2 1/2 cents on Thursday. The CmdtyView national average Cash Corn price is up ½ cent to $3.94 1/2. EIA data from this morning showed ethanol production in the week ending on 2/13 at 1.118 million barrels per day, up...

The wheat complex is in rally mode across all three markets on Thursday. Chicago SRW futures are trading 10 to 12 higher so far on the day to lead the bull’s charge. KC HRW futures is joining in on the rally, with futures up 9 to 11 cents so far...

Soybeans are posting 4 to 5 cents across the front months on Thursday’s midday. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are up 40 to 20 cents lower in the front months, with Soy Oil futures 85 to 90 points higher....

Russian airstrikes on Ukraine's Black Sea ports late last year have reduced their capacity and harmed Ukrainian agricultural and mineral exports, industry sources said, the country's main source of income during its four-year war with Russia.

Global container shipping rates extended their decline for a sixth consecutive week, dropping 1% to $1,919 per 40-foot container as the traditional pre-Lunar New Year cargo rush continues to disappoint...

The U.S. trade deficit widened to $70.3 billion in December, pushing the full-year 2025 shortfall to $901.5 billion despite months of tariff-driven volatility. Imports rose 3.6% while exports slipped 1.7%, with swings in gold, pharmaceuticals, and computer equipment distorting monthly figures.

The U.S. Navy has issued a Request for Proposal for a Vessel Construction Manager (VCM) to oversee production of the Medium Landing Ship, marking a significant departure from traditional shipbuilding...

Russia has threatened to deploy its navy to protect merchant tankers linked to its oil trade, marking a sharp escalation in the battle over Western sanctions that is increasingly shifting from financial pressure to physical enforcement at sea. Senior Kremlin security official Nikolai Patrushev warned that if blockades cannot be resolved peacefully, the Russian Navy would “break any blockade,” raising the risk of direct confrontation in contested waterways such as the Baltic and North Atlantic.

Leaders from two Nordic states expressed skepticism over ambitions to seize vessels linked to Russia’s so-called shadow fleet, signaling that proposals among allies to tighten restrictions on the Kremlin’s war economy face limits.

Soybeans are showing fractional to 2 cent weaker trade to kickoff Thursday. Futures failed to hold the early Wednesday strength, as contracts closed fractionally mixed on Wednesday. Open interest rose 6,657 contracts. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures were down...