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Chicago wheat futures drop on Black Sea Deal, soyabeans and corn also fall

Posted to Maritime Reporter on March 26, 2025

Chicago wheat futures declined for the third consecutive session on Wednesday. This was due to the United States agreements with Ukraine and Russia, which halted attacks on sea targets and energy targets. Soybeans, corn and other grains also fell due to concerns about U.S.

Lavrov: Black Sea deal is aimed at Moscow to make profit and ensure food safety.

Posted to Maritime Reporter on March 25, 2025

In remarks published late Tuesday, Russian Foreign minister Sergei Lavrov stated that the Black Sea maritime security agreement aims to return Moscow to predictable grain markets and fertiliser markets which would allow for profit while ensuring global food security.

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

Delfin LNG signs 15-year supply agreement with German firm SEFE

Posted to Maritime Reporter on March 25, 2025

Delfin LNG, a German company and Securing Energy For Europe have signed an agreement to supply 1.5 million tons per year of U.S. Liquefied Natural Gas (LNG). The companies announced this on Tuesday. Delfin announced in a release that the floating…

EU wheat prices slip further after Black Sea shipping agreement announced

Posted to Maritime Reporter on March 25, 2025

Euronext wheat prices fell on Tuesday after the U.S. announced an agreement with Russia and Ukraine that would protect maritime trade along the Black Sea. This could lead to increased competition for exports, traders reported. Euronext's May…

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

Kremlin: Russia has agreed to guarantee safe navigation on the Black Sea

Posted to Maritime Reporter on March 25, 2025

The Kremlin announced on Tuesday that Moscow has agreed to guarantee safe navigation in Black Sea provided Western sanctions against companies exporting food and fertilizer are lifted. The United States and Russia have also agreed on measures…

Zelenskiy, Ukraine's Zelenskiy, says that the Black Sea and energy ceasefire is effective immediately

Posted to Maritime Reporter on March 25, 2025

Volodymyr Zelenskiy, the Ukrainian president, said that the truce over the Black Sea and the energy infrastructure took effect immediately on Tuesday. He also stated that if Moscow violated the agreements he would ask Donald Trump for more weapons and sanctions against Russia.

Ukraine accepts ceasefire agreement brokered by the US

Posted to Maritime Reporter on March 25, 2025

Ukraine's Defence Minister said that Kyiv had agreed to the two ceasefires with Russia announced by the United States Tuesday, and that Kyiv welcomed third countries who would support the implementation of these accords. The United States announced…

Grain futures are trading sideways, as traders focus on the Russia-Ukraine discussions

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures were almost flat on Tuesday, after a sharp drop in the previous session due to improved weather forecasts for key growing regions. Traders are monitoring ongoing Russia-Ukraine negotiations. By 1108 GMT, the most active…

Sources say that Boeing and Northrop Grumman are awaiting the US Navy's next-generation fighter contract in this week.

Posted to Maritime Reporter on March 25, 2025

People familiar with the matter said that this week, the U.S. Navy will announce who it plans to build its next generation carrier-based stealth aircraft. The program is worth hundreds of millions of dollars over its lifespan and plays a crucial role in its plan to face China.

LNG Canada will begin cooling down its plant next week, the final step to preparing for first LNG

Posted to Maritime Reporter on March 24, 2025

On April 1, an LNG tanker will arrive in Canada to cool down the LNG Canada plant in Kitimat (British Columbia), which is considered to be the final step before production of supercooled gas begins at the plant. The delivery is scheduled for early April.

Paris fears tariffs on wheat as it tries to stop Ukraine ceasefire talks

Posted to Maritime Reporter on March 24, 2025

Euronext wheat dropped on Monday, to its lowest level in almost two weeks. U.S. and Russian talks aimed at a Black Sea ceasefire in Ukraine raised the expectations of increased grain shipments. Euronext's front-month May milling grain closed at 222 euros ($239.49)…

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

Posted to Maritime Reporter on March 24, 2025

Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.

Taiwan bids on approximately 100,000 T of wheat from the U.S.

Posted to Maritime Reporter on March 24, 2025

European traders reported on Monday that the Taiwan Flour Millers' Association had issued an international bid to buy an estimated 100,000 metric tonnes of grade 1 milling grain to be sourced in the United States. The deadline for submitting price offers is the 27th of March.

Spain wins first SailGP of the season at familiar San Francisco

Posted to Maritime Reporter on March 23, 2025

On Sunday, the defending series champions Spain dominated the second day of SailGP's fifth round. Diego Botin led his team to victory in a thrilling final against Canada and France. The Spaniards won their first race of the season by winning two of the seven races over the weekend.

US delegation seeks Black Sea ceasefire for Ukraine and Russia

Posted to Maritime Reporter on March 23, 2025

After discussions with Ukrainian diplomats on Sunday, a U.S. delegation will meet with Russian officials to discuss progress towards a Black Sea ceasefire as well as a wider cessation in violence in the Ukraine war. The so-called "technical talks" come as U.S.

Trump's regulatory ban causes chaos in the US fishing industry

Posted to Maritime Reporter on March 23, 2025

The regulatory freeze imposed by President Donald Trump has created chaos and uncertainty in a number lucrative American fisheries. This could delay the start of the fishing season on the East Coast for fleets of cod and haddock. Interviews…

EU Wheat Down on Black Sea Competition, Weaker US Markets

Posted to Maritime Reporter on March 21, 2025

The price of European wheat fell on Friday due to Black Sea competition as well as a drop on U.S. market. Euronext's benchmark May milling grain was down by 0.3% at 1500 GMT, to 226.00 Euros ($244.42) per metric ton. The price was set to rise…

Poll shows that most Americans support Trump's push to rebuild US shipsbuilding to compete better with China

Posted to Maritime Reporter on March 21, 2025

A poll conducted on Friday revealed that 72% of Americans said the U.S. could not remain dependent on China or other foreign shipbuilders. Morning Consult conducted a survey on March 10-12 of 2,204 adults for the Alliance for American Manufacturing.

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