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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
Bloomberg
via
gCaptain
China and India Scramble for Crude as Sanctioned Russian Tankers Turn Back
The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve Russian oil exports and their introduction has driven up Brent futures by as much as $5 a barrel in recent days.
From
Austin Schroeder
via
Barchart
Wheat Firms Ahead of the Long Weekend
The wheat market closed out the Friday session with contracts steady to slightly higher. The Chicago SRW market was fractionally higher to 1 ¼ cents on the day. March was 8 cents higher on the week. KC HRW closed with contracts fractionally mixed, as March was down 3 ¼ cents...
From
Austin Schroeder
via
Barchart
Corn Rally into 3-Day Weekend
The corn market rallied on Friday with the nearby contracts up 8 ¼ to 10 cents and other contracts 1 ¼ to 3 ¾ cents higher across the board. March was up 13 ¾ cents on the week. The national average Cash Corn price from cmdtyView is up 9 1/4...
From
Oliver Sloup
via
Barchart
Grains finish the week strongly
Corn, soybean, and wheat prices all closed the week in positive territory following last week’s friendly USDA report.
From
Sean Lusk
via
Barchart
Grain Spreads: Corn Keeps a Rolling
Funds Defend 300K Long Position and Add.
From
Chris Swift
via
Barchart
Shootin'the Bull about tiger traps and input costs
Feed and fuel costs are now sharply higher over just a few weeks ago. Throw in the tremendous rise in retail interest rates and it appears that once again, some of the most expensive beef is being produced today.
The APS Information Center
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From
Mike Schuler
via
gCaptain
U.S. Treasury Sanctions Yemen Kuwait Bank for Financing Houthi Attacks on Red Sea Shipping
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Yemen Kuwait Bank for Trade and Investment Y.S.C for providing financial support to the...
From
Austin Schroeder
via
Barchart
Soybeans Rallying Ahead of Inauguration Day
Soybeans are posting a rally heading into President-elect Trump’s inauguration on Monday. Contracts are up 15 to 18 cents in the nearbys, with new crop November up 7 ¾ cents. CmdtyView’s national front month Cash Bean price is up 16 ½ cents at $9.76. Soymeal futures were $4/ton higher at...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
The wheat market is mixed at Friday’s midday. The Chicago SRW market is fractionally higher so far on the day. KC HRW is trading with fractional to 1 cent losses at midday. MPLS spring wheat futures are fractionally higher on Friday. The markets and government will be closed on Monday...
From
Austin Schroeder
via
Barchart
Corn Rallying on Friday
The corn market is rallying on Friday’s midday, with contracts up 9 to 10 cents in the front months and new crop December 2 3/4 cents higher. The national average Cash Corn price from cmdtyView is up 9 3/4 cents at $4.49 1/2. The markets and government will be closed...
From
Mike Schuler
via
gCaptain
Israel-Hamas Ceasefire: Could It Signal the End of Houthi Attacks on Red Sea Shipping?
A ceasefire agreement between Israel and Hamas announce this week could signal the beginning of the end for Houthi attacks on commercial shipping in the Red Sea, maritime security firm...
From
Reuters
via
gCaptain
Red Sea Trade Route Will Remain Too Risky Even After Gaza Ceasefire Deal
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping, industry executives said.
From
Reuters
via
gCaptain
Russian Oil Tankers Still Under Construction Included in U.S. Sanctions
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last week, the first time Washington is known to have banned tankers before they even set sail, much less carried sanctioned cargo.
From
Mike Schuler
via
gCaptain
Shipping Industry Adopts Tougher Safety Standards to Snuff Out Charcoal Fires on Ships
The shipping industry is implementing enhanced safety protocols for charcoal transportation ahead of mandatory International Maritime Organization (IMO) regulations set for 2026. The initiative comes in response to a series...
From
Bloomberg
via
gCaptain
The Definitive Guide to Where the US Has Squeezed Russia’s Oil Flows the Hardest
The latest US sanctions on oil tankers hauling Russian petroleum look set to cause severe disruption across the nation’s export machine, with some of Moscow’s flows at risk of a near wipeout if history is any guide.
From
Mike Schuler
via
gCaptain
USTR Investigation Finds China’s Maritime Playbook ‘Unreasonable’ as U.S. Shipbuilding Hits Historic Low
The U.S. Trade Representative (USTR) has issued a landmark finding, concluding that China’s aggressive targeting of the maritime, logistics, and shipbuilding sectors constitutes an “unreasonable” practice under Section 301 of...
From
Oliver Sloup
via
Barchart
Grain Markets Stabilize Overnight
Grain markets were under pressure in Thursday’s trade but are holding ground this morning. These are the levels to keep an eye on into the last trading day of the week.
From
Austin Schroeder
via
Barchart
Soybeans Mixed on Friday AM Trade
Soybeans are showing mixed action early on Friday, with front months up 1 to 2 ½ cents and new crop fractionally lower. The soybean market was in sell mode on Thursday, with contracts down 18 to 24 cents in most nearby contracts at the close. CmdtyView’s national front month Cash...