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Grain prices in Chicago, corn and soybeans are down on the back of selling pressure following recent highs

Posted to Maritime Reporter on August 31, 2026

Chicago wheat fell on Monday due to selling pressure after reaching a 'three-year-high' in the previous session. Fears that fighting will disrupt grain exports from Russia and Ukraine for a long time weighed on traders. Corn and soybeans fell…

UAE denies Al Minhad Air Base is a target after Iran claims it attacked base

Posted to Maritime Reporter on August 31, 2026

In a statement from the defence ministry, the UAE denied reports that 'Al Minhad Air Base' had been hit by missiles. The?ministry stated that the armed forces were in a state of high readiness to respond to threats and protect the sovereignty, security and stabilty of the?UAE.

Nournews: Iran denies the attack on Kharg Island and calls Trump's tweet 'laughable.'

Posted to Maritime Reporter on August 31, 2026

According to Nournews he said that oil 'operations' at Iran's 'Kharg Island' have not stopped. He also denied that the 'key oil hub' was being destroyed, as U.S. president Donald Trump's post on social media had claimed. Nournews quoted him…

Chicago wheat drops after reaching a three-year-high on Black Sea disruptions

Posted to Maritime Reporter on August 30, 2026

Chicago wheat futures declined on Monday, after soaring to a?three-year high during the previous session due to?grain import disruptions in Black Sea Region. Corn and soybeans gained. Chicago Board of?Trade? (CBOT), the most traded wheat contract, fell 0.54% by 2100 GMT to $7.79-3/4 per bushel.

Malaysia PM announces measures to reduce living costs and support local businesses

Posted to Maritime Reporter on August 30, 2026

Anwar Ibrahim, the Malaysian prime minister, announced measures on Sunday to combat rising living costs and support businesses. These included restoring higher quotas of subsidised petrol and Diesel?purchases as well as additional funding for schools and small traders.

GRAINS-Chicago Wheat maintains three-year-high on Black Sea tensions

Posted to Maritime Reporter on August 28, 2026

Chicago wheat futures reached a new three-year high on Friday as the market focused on military escalation along the Black Sea which threatens to put a squeeze on Russian and Ukrainian imports. Corn and soybeans reached 'new multi-year highs and lifetime contract highs.

GRAINS-Chicago Wheat maintains three-year-high on Black Sea tensions

Posted to Maritime Reporter on August 28, 2026

Chicago wheat futures reached a new three-year high on Friday as the market continued to focus on the military escalation in the Black Sea that threatens to put a squeeze on Russian and Ukrainian exports. Corn and soybeans reached new?multiyear highs. This was further supported by doubts about U.S.

Old Navy's growth is rekindled by Gap after it hires a retail veteran.

Posted to Maritime Reporter on August 28, 2026

Gap's stock jumped by?about 22 percent in early Friday trading after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy. Gap's largest brand, Old Navy, has been struggling to gain traction with select women's clothing categories over the past few quarters.

Gap shares rise after Old Navy hires new CEO to revive the brand

Posted to Maritime Reporter on August 28, 2026

Gap shares jumped 14% on Friday premarket after Michael Francis, an industry veteran, was named CEO of Old Navy. The move is intended to reinvigorate the brand amid a 'challenging spending environment. Gap's largest?brand?, Old Navy, has struggled…

Six months of MORNING BID AMERICAS

Posted to Maritime Reporter on August 28, 2026

The U.S. president Donald Trump initially said that the Iran war would only last for four to five weeks. But we are now approaching the six-month mark. The financial markets' resilience in the face of what was thought to be an impending doomsday…

Data shows that shipping traffic through the Strait of Hormuz has fallen below its 10-day average

Posted to Maritime Reporter on August 28, 2026

Seven cargo vessels passed through the 'Strait of Hormuz' on Thursday. This is down from 17 a day before and below the 15-ship average for the past 10 days, according to preliminary data released on Friday. Initial data from the shiptracker Kpler at 0315 GMT showed that seven vessels transited…

GRAINS-Chicago Wheat Holds Near Three-Year High on Black Sea Tensions

Posted to Maritime Reporter on August 28, 2026

Wheat futures at the Chicago Board of Trade CBOT?extended Friday's rally as traders monitored Black?Sea grain export disruptions in response to tit-fortat attacks. Corn and soybeans?also gained. * The Chicago Board of Trade's (CBOT) most traded…

Gap names Old Navy CEO as new Gap CEO, raises profit forecast and shares rise 14%

Posted to Maritime Reporter on August 27, 2026

Gap appointed a new chief executive officer for Old 'Navy on Thursday to reinvigorate a struggling brand. The apparel retailer had raised its yearly?profit forecast based on strong sales at its namesake label. Shares of 'company? soared by 16%…

GRAINS-Chicago Wheat holds three-year-high on Black Sea Conflict

Posted to Maritime Reporter on August 27, 2026

Chicago wheat futures rose?to a 3-year high on Thursday. This extended the previous session's limit up?rally. Reports that Russia could intensify its strikes against Ukraine fueled concerns of?prolonged interruptions to the massive Black?Sea grains trade.

Data shows that shipping traffic in the Strait of Hormuz has increased slightly.

Posted to Maritime Reporter on August 27, 2026

Data showed that shipping traffic in the Strait of?Hormuz rose slightly despite the?geopolitical standoff between the United States,?Iran and?Oman, as well as the?market monitoring?Iran's talks with Oman about the waterway. Kpler data showed…

GRAINS - Chicago wheat extends rally over Black Sea Conflict Concerns

Posted to Maritime Reporter on August 26, 2026

Wheat futures at the Chicago Board of Trade (CBOT), which trades wheat,?extended Thursday's rally due to the possibility that?Russia would intensify its strikes against Kyiv. This could lead to further disruptions in the region where the majority of the world's grain is produced.

EU Wheat Jumps on Report Russia escalates war with Ukraine

Posted to Maritime Reporter on August 26, 2026

The price of European wheat futures rose 4% to a new one-month high on Wednesday, as fears about war disrupting the massive grain trade in the Black Sea were heightened by a report stating that Russia intends to intensify its?attacks against Ukraine.

GRAINS-Corn, wheat and other grains at multi-year record highs due to US crop and Black Sea Export worries

Posted to Maritime Reporter on August 26, 2026

Chicago corn and wheat futures reached new multi-year highs on Wednesday, as expectations of a fall in?U.S. Analysts said that a combination of 'corn yields, and the ongoing disruption in Black Sea grain exports have maintained global uncertainty.

Gulf Ship Traffic via Strait of Hormuz is below the 10-day average data

Posted to Maritime Reporter on August 26, 2026

On?Tuesday?, five commodity vessels crossed the Strait?of Hormuz. This was little different?from a previous day but still well below the 10-day shipping average of 15 preliminary data showed on Wednesday. Initial data from Kpler shiptracker showed that at 0408 GMT…

Sumitomo's $582 million bid for FleetPartners in Australia ignites a bidding war

Posted to Maritime Reporter on August 25, 2026

FleetPartners Group announced on Wednesday that it had received a takeover bid from a consortium led by Japan's Sumitomo Corp. The offer valued the Australian vehicle leasing provider at A$813.1m ($582.26m). The offer turns the Australian takeover…

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