by Josephine Mason (Reuters) - A vessel carrying 70,223 tonnes of sorghum from the United States to Asia switched its destination on Thursday, data showed, becoming the latest diverted cargo in a trade flow roiled by China’s move to impose hefty deposits on U.S. shipments of the grain. The M/V RB Eden was heading to the Canary Islands’ Las Palmas, in the Atlantic Ocean, … [Read more...]
Wooden Dams And River Jams Strain US Grain Exports
by Karl Plume (Reuters) ABOARD THE OLIVER C. SHEARER, Ohio River - America’s worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a waterborne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation’s waterways, which are critical to … [Read more...]
U.S. Gulf Corn Hits Post-Harvest Highs as PNW Port Gridlock Persists
By Karl Plume CHICAGO, March 3 (Reuters) - A backlog of grain ships waiting to load at U.S. Pacific Northwest (PNW) ports is threatening to persist into April, prompting key Asian customers to switch purchases to more distant Gulf Coast terminals and sending prices there higher, traders and industry analysts said. Corn export prices at Gulf elevators climbed to … [Read more...]
Argentina’s Rising Grains Production Strands Vessels in River Traffic
By Hugh Bronstein ROSARIO, Argentina, Feb 16 (Reuters) - When a boat carrying soy oil destined for India ran aground on the Parana River near Buenos Aires in late January, ships loaded with most of Argentina's grains exports were blocked for hours. It was the latest accident on one of the world's great food highways, which is straining to carry rising volumes of Argentine … [Read more...]
Grain Shippers Trumped by Oil on U.S Rail Lines
By Naomi Christie and Shruti Date Singh Sept. 19 (Bloomberg) -- Shipping companies probably will miss out on exports from the record U.S. grain harvest because the shale-oil boom is clogging up rail lines to ports. While the U.S. will reap the most crops ever, fourth- quarter export cargoes will be 15 percent lower than last year, according to RS Platou Markets AS, a … [Read more...]