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Euronext Wheat steady as weather, exports and trade weigh

Posted to Maritime Reporter on October 8, 2024

The price of European wheat edged up on Tuesday, as weather risks in Russia coupled with an attack on a grain terminal in Ukraine offset the pressures from export competition. December wheat traded on Paris' Euronext closed 0.5% higher at 229.75 Euros ($252.17) per metric ton…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Sailing-Swedish Women dominate America's Cup Group to Book Semi-Final Berth

Posted to Maritime Reporter on October 8, 2024

The Netherlands and Spanish teams qualified for the semi-finals of the America's Cup event on Tuesday after a dominant performance by Sweden in their group. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams…

Swedish women win America's Cup Group to secure semi-final berth

Posted to Maritime Reporter on October 8, 2024

The Dutch and Spanish teams qualified for the semifinals in the testing conditions near Barcelona, as well. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams, set the pace in a Mediterranean breeze that was shifting.

Tunisia purchases approximately 125,000 metric tonnes barley at tender, traders claim

Posted to Maritime Reporter on October 8, 2024

European traders reported that Tunisia's state grain agency purchased approximately 125,000 metric tonnes of animal feed barley at an international auction on Tuesday. Barley was bought for the lowest price, $231.60 per ton with freight included (c&f), from Dreyfus and Dreyfus.

Boardman: Sport must play a role in the fight against climate changes

Posted to Maritime Reporter on October 8, 2024

Sport England Chairman Chris Boardman stated on Tuesday that sports clubs and organizations must step up their game to become leaders in the fight against catastrophic climate change. Boardman, a former Olympic gold medalist in cycling, opened…

Grain higher on South American rain forecast; soybeans lower

Posted to Maritime Reporter on October 7, 2024

U.S. soybean prices eased Monday as forecasts of rain in the dry areas of Brazil and Argentina, two major exporters, and rising U.S. supply boosted harvesting. Corn futures were pushed higher by solid exports and spillover support provided by a rising crude-oil market.

Britain's 'once-in-a lifetime' America Cup bid is boosted by royal support

Posted to Maritime Reporter on October 7, 2024

Ben Ainslie, the skipper of the British team, said that the opportunity for Britain to win the America's Cup was a "once in a lifetime" event. The team will give it their all when they face New Zealand. A long-time supporter of the team, Britain's Princess Diana…

Bangladesh announces tender for 50,000 T of wheat, traders claim

Posted to Maritime Reporter on October 7, 2024

European traders reported on Monday that Bangladesh's state grain buyer had issued an international bid to purchase 50,000 tons of milling Wheat. They said that the deadline for submitting price offers was October 22. CIF terms are used to determine the price offered in the tender.

Women's America's Cup debuts with a tussle for the top.

Posted to Maritime Reporter on October 6, 2024

This weekend, sailors celebrated the first America's Cup women's race with tight races and some spectacular slash downs in challenging Mediterranean weather conditions off Barcelona. The America's Cup was dominated by males for its entire 173 year history.

Defence Force: New Zealand Naval vessel runs aground in Samoa

Posted to Maritime Reporter on October 5, 2024

The New Zealand Defence Force released a statement saying that a Royal New Zealand Navy vessel ran aground on the southern coast of Upolu, Samoa, on Saturday. Commodore Shane Arndell of the New Zealand Defence Force's maritime component said…

First America's Cup for Women aims to bridge the experience gap

Posted to Maritime Reporter on October 5, 2024

The 12 women who will be sailing the AC75s this weekend in the first Women's America's Cup have never sailed the AC75s that their male counterparts use. They aim to fix that by the next America's Cup by showing off their racing abilities in…

America's Cup head predicts a feisty British battle with Kiwis

Posted to Maritime Reporter on October 5, 2024

Iain Murray, regatta director of the America's Cup race, said that Ben Ainslie will be a formidable opponent for New Zealand when they meet in the America's Cup. Ainslie spent a day away from the water to support the British team in the inaugural women's America's Cup.

First America's Cup women's aims to bridge the experience gap

Posted to Maritime Reporter on October 5, 2024

The 12 women who will be sailing the AC75s this weekend in the first Women's America's Cup have never sailed the AC75s that their male counterparts use. They aim to change that by the time of the next America's Cup by showing off their racing…

Ainslie's brutality ends 60-year British wait for America's Cup

Posted to Maritime Reporter on October 4, 2024

Ben Ainslie, of Britain, has finally achieved his goal of competing for the America's Cup. The America's Cup is the oldest trophy of international sport. The 47-year old Briton, who is the most successful Olympic sailing sailor in history, has been aiming for the "Auld Mug"…

EU wheat drops further from its highs as Black Sea jitters lessen

Posted to Maritime Reporter on October 4, 2024

Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tight Black Sea supplies subsided. December wheat traded on Paris' Euronext closed 1.5% lower at 228.75 euro ($250.53) per metric ton.

EU wheat drops further from its highs as Black Sea jitters lessen

Posted to Maritime Reporter on October 4, 2024

Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tightening Black Sea supply subsided. The December wheat price on Paris' Euronext fell 2.2% to 227.25 Euros ($249.16)…

With a win over Italy, Sailing-Britain reaches the first America's Cup Final in 60 years.

Posted to Maritime Reporter on October 4, 2024

Britain won their first America's Cup Final in 60 years, beating Italy on Friday. They will now face New Zealand off Barcelona later this month. Eight sailors aboard the British AC75 foiling boats celebrated loudly after crossing the finish line to win the Louis Vuitton Cup Series over Italy…

Egypt's GASC says it will disclose any direct wheat deals when asked about a reported deal.

Posted to Maritime Reporter on October 4, 2024

In response to an earlier report this week regarding a direct contract for monthly wheat supplies, Egypt's state grain buyer stated on Friday that it is fully committed to disclosing all deals or tenders completed by the authority. The General…

Jordanian traders claim that the country will buy up to 120,00 metric tons of feed barley.

Posted to Maritime Reporter on October 4, 2024

European traders reported on Friday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is October 9. Jordan's failure to purchase 120…