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Wednesday, December 18, 2024

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EU wheat prices rise after a 2-week low, with Black Sea supplies in focus

Posted to Maritime Reporter on September 20, 2024

Euronext wheat prices stabilized on Friday, after falling to a two-week-low in the previous session. A reduced estimate of Ukrainian sowings and reports of a strike at Odesa Port shifted attention to weather and war risk to Black Sea export supplies.

Governor of Odesa: Russians attacked Odesa port and damaged a vessel with an Antigua flag,

Posted to Maritime Reporter on September 20, 2024

The regional governor of Odesa said that a Russian missile attack has damaged port infrastructure in Odesa and a civilian vessel flying the flag of Antigua. Governor Oleh Kiper announced on Telegram that four people were injured by the strike.

Taiwan's MFIG offers to purchase up to 65,000 metric tonnes corn

Posted to Maritime Reporter on September 20, 2024

European traders reported on Friday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Brazil, or South Africa. They said that the…

Euronext Wheat slips once again as export competition looms over the market

Posted to Maritime Reporter on September 19, 2024

Euronext Wheat's fall to a 2-week low continued on Thursday as Black Sea exports continue to pressurize prices. However, global weather concerns are tempered by the rain forecast in Brazil and the U.S. The December wheat price on Paris' Euronext…

Italy wins over US to book America's Cup final berth.

Posted to Maritime Reporter on September 19, 2024

Italy will face Britain for the America's Cup final after a convincing victory over the U.S. semifinalists on Thursday. After the British crew defeated Switzerland in Barcelona, the Italians beat the United States in the semi-finals of the Louis Vuitton Cup first-to-five.

Argentina grains ships fill less freight as river levels hit near-record lows

Posted to Maritime Reporter on September 19, 2024

Brazil, pushing up expenses and transportation times. The Parana River, which brings practically 80% of Argentina's. grains and oilseeds for export, is at the second lowest level. for this time of year considering that 1970, behind just a major decline in.

Soy prices rise on concerns about drought, as traders look to US harvest

Posted to Maritime Reporter on September 18, 2024

Soybean futures rose on Wednesday, a day of short-covering prompted by worries about the hot and dry weather that could threaten soybean seeding in Brazil, a top producer. Corn prices fell slightly in early U.S. harvest as the industry remained cautious about making big decisions.

Soy prices rise on concerns about drought, as traders look to US harvest

Posted to Maritime Reporter on September 18, 2024

Soybean futures rose on Wednesday, as traders covered their shorts, sparked off by worries about the hot and dry weather that is expected in Brazil, the world's top soybean producer, which could threaten seeding. Corn prices fell slightly in early U.S.

Euronext Wheat prices fall as competition from cheaper wheats weighs.

Posted to Maritime Reporter on September 18, 2024

Euronext Wheat eased on Wednesday for the third consecutive day as traders observed that a recent rally of futures had widened a price difference compared to cheaper Black Sea Export Supplies. The grain markets were also encouraged to consolidate…

Britain defeats Swiss in America's Cup final

Posted to Maritime Reporter on September 18, 2024

Britain won a 5-2 victory over Switzerland on Wednesday in the America's Cup Challenger Series to earn a spot in the Louis Vuitton Cup Final in Barcelona. In the other semifinal, the United States maintained their hopes with a vital win over…

German woman killed by shark off Canary Islands

Posted to Maritime Reporter on September 18, 2024

On Wednesday, a German woman was killed by a shark after being attacked while swimming alongside her catamaran between Spain's Canary Islands & West Africa. The 30-year-old woman was traveling on a catamaran which had left Gran Canaria Island on September 14.

US coastal communities battle for space for small-scale fishers

Posted to Maritime Reporter on September 18, 2024

By Carey L. The critics point out that the federal permit system is biased against new or small operators and they also claim that coastal real estate developments are putting independent businesses at risk. There is a new real estate grab in the ocean, said Jason Jarvis.

Egypt seeks investment on the southern Red Sea Coast

Posted to Maritime Reporter on September 18, 2024

According to the comments of the housing ministry and a source from the finance ministry, Egypt is developing plans to develop Ras Banas, a remote area on the Red Sea coast with the aim of attracting large-scale investment. Ras Banas, a peninsula…

Wheat prices recover some ground despite Black Sea pressure

Posted to Maritime Reporter on September 18, 2024

Chicago wheat futures rose Wednesday, after France's agriculture ministry downgraded its crop once again. However, large exports of Black Sea wheat at a low price continued to suppress a rally which drove prices to their three-month highs the previous week.

South Korea, Japan and South Korea report that North Korea fired a missile off the east coast of its country.

Posted to Maritime Reporter on September 17, 2024

SEOUL/TOKYO (Sept. 18) - South Korea and Japan reported that North Korea launched a missile on its east coast Wednesday. This comes days after the country unveiled an uranium enrichment plant and pledged to beef up its arsenal of nuclear weapons.

EU wheat eases up further as Black Sea competition returns to focus

Posted to Maritime Reporter on September 17, 2024

Euronext wheat declined for a second consecutive day on Tuesday, in line with Chicago. Concerns over the escalation of Russia's conflict with Ukraine have subsided as traders return to the export competition due to cheaper Black Sea products.

Wheat prices fall as Black Sea tensions fade

Posted to Maritime Reporter on September 17, 2024

Chicago wheat futures eased Tuesday as geopolitical conflicts between Russia and Ukraine receded and Black Sea wheat exports continued to be a fierce competitor to U.S. Wheat exports. Soy futures rose as traders monitored heat and drought in Brazil, which could threaten soybean seeding.

Analyst APK-Inform estimates that the Ukraine soybean crop in 2024 could reach 6 million tonnes

Posted to Maritime Reporter on September 17, 2024

APK-Inform, an analyst, said that despite the bad weather, Ukraine will likely have a record soybean harvest in 2024 due to its large sowing area. The consultancy estimated that the harvest would be up to 6,000,000 metric tons or 9% higher than 2023.

US announces date for Gulf of Maine Offshore Wind Auction

Posted to Maritime Reporter on September 16, 2024

The U.S. The Interior Department announced Monday that the sale of offshore wind leases for eight areas off Massachusetts, New Hampshire, and Maine will take place on October 29. Why is it important? These areas could produce up to 13 gigawatts (or more) of clean…

Swiss and US win reprieves for America's Cup qualifying

Posted to Maritime Reporter on September 16, 2024

Both Switzerland and the United States kept their America's Cup dreams alive by winning dramatic semi-final races against Britain and Italy, respectively, in the qualifying series. The Swiss and U.S. were both on the verge of elimination in…

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