Latest news with #Grains
Yahoo
11-07-2025
- Business
- Yahoo
Soybeans Losses Extending to Thursday
Soybeans are trading with 1 to 7 cent losses on Thursday morning, with the nearbys feeling the brunt of the pressure. Futures slipped even further into the Wednesday close, as most contracts were down 10 to 12 cents at the final bell. Preliminary open interest suggested net new selling, up 7,643 contracts on Wednesday. There were 308 deliveries against July soybeans overnight. The cmdtyView national average Cash Bean price was down 12 1/2 cents at $9.68 ½. Soymeal futures were down a dime to $1.40/ton, as Soy Oil was 45 to 82 points lower. There were 148 deliveries issued for July meal overnight, with the month's total at 4,195. CONAB trimmed back their 2024/25 soybean production estimate for Brazil by 0.12 MMT to 169.48 MMT. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Weekly Export Sales data will be out on Thursday morning, with the trade looking for 300,000 to 600,000 MT in the week of July 3 for old crop, with 50,000 to 400,000 MT seen for new crop. Soybean meal is seen in a range of 125,000 to 950,000 MT in that week and 0 to 30,000 MT for bean oil. The Central Corn Belt is expected to receive 1 to 3 inches of rain this week, with the western half of the Northern Plains and parts of the ECB seeing totals near an inch Ahead of the Friday USDA reports, analysts are expecting to see the a 10 mbu increase in the old crop bean stocks to 360 mbu. As for new crop, the Bloomberg survey showed traders looking for a 7 mbu reduction to output on the slight drop in acres to 4.333 bbu. Ending stocks for 2025/26 are estimated at 302 mbu, a 7 mbu increase vs. June. Jul 25 Soybeans closed at $10.12 1/4, down 12 cents, currently down 7 cents Nearby Cash was $9.68 1/2, down 12 1/2 cents, Aug 25 Soybeans closed at $10.09, down 12 1/4 cents, currently down 5 1/2 cents Nov 25 Soybeans closed at $10.07 1/4, down 10 1/4 cents, currently down 1 3/4 cents New Crop Cash was $9.58, down 10 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
11-07-2025
- Business
- Yahoo
Corn Holds Higher into the Wednesday Close
Corn bulls showed up on Wednesday to defend the $4 level on September, but fell short by the close. Contracts were still 1 to 2 cents in the green at the close. The front month CmdtyView national average Cash Corn price was up 1 ½ cents at $3.85 1/2. Wednesday morning's weekly EIA report showed an uptick in production of 9,000 barrels per day in the week ending on July 4 to 1.085 million barrels per day. Stocks, meanwhile, were down 158,000 barrels to 23.959 million barrels despite a 10,000 bpd drop in exports to 121,000 barrels and 23,000 bpd reduction in refiner inputs to 902,000 bpd. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Export Sales data is expected to show between 375,000 and 900,000 MT of 2024/25 corn sold in the week ending on July 7/3. New crop is seen in a range of 150,000 to 700,000 MT for that week. A survey of traders by Bloomberg shows estimated corn stocks for old crop at 1.351 billion bushels ahead of Friday's USDA report, a 14 mbu reduction from June if realized. New crop production is expected to be trimmed by 75 mbu via fewer acres to 15.746 bbu. That would help to tighten the new crop stock estimate to an average of 1.721 bbu (vs. 1.75 bbu in June). A Ukraine grain trader union estimates the country's 2025 corn crop at 29.25 MT, with exports up to 24 MMT for 2025/26. Jul 25 Corn closed at $4.12 1/2, up 1 1/2 cents, Nearby Cash was $3.85 1/2, up 1 1/2 cents, Sep 25 Corn closed at $3.99 1/4, up 1 1/4 cents, Dec 25 Corn closed at $4.15 1/2, up 1 1/4 cents, New Crop Cash was $3.75 5/8, up 1 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
11-07-2025
- Business
- Yahoo
Corn See Marginal Gains Ahead of USDA Data Release
Corn price action was mixed on Thursday with most contracts steady to a couple cents higher and nearby, thin July down 5 ¼ cents. Traders were squaring up ahead of USDA's report on Friday. The front month CmdtyView national average Cash Corn price was unchanged at $3.85 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning, all for new crop. Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans US Tariffs on Brazil Boost Arabica Coffee Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Export Sales data from the morning showed old crop corn coming in above 375,000 and 900,000 MT estimates at 1.262 MMT the week ending on July 7/3. That was an 8-week high for sales and more than double the same week last year and the week prior. Mexico was the largest buyer at 469,900 MT, with 436,200 MT sold to Japan. New crop also exceeded the trade range of 150,000 to 700,000 MT estimate for that week at 888,562 MT. That was down from the week prior but still the second largest so far this year. The top buyer was Mexico at 423,900 MT, with Japan in for 304,800 MT. CONAB estimates the Brazilian corn crop at 131.97 MMT via their monthly release, up 3.72 MMT from last month on a 3.54 MMT increase to the second crop corn. Ahead of the USDA report on Friday, a survey of traders by Bloomberg shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn closed at $4.07 1/4, down 5 1/4 cents, Nearby Cash was $3.85 1/4, down 0 cent, Sep 25 Corn closed at $3.99 1/4, unch, Dec 25 Corn closed at $4.16 1/2, up 1 cent, New Crop Cash was $3.75 1/8, up 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
09-06-2025
- Business
- Yahoo
New Ukrainian school helps the displaced build new lives through hospitality
In a luxurious resort complex north of Kyiv, 12 women are retraining to enter the hospitality sector in a new school that will kickstart a fresh life for Ukraine's internally displaced people (IDPs). The women, mostly from Ukraine's occupied territories, are learning to be housekeepers in the first program organized by German-born non-profit school Grains. Unlike other hospitality schools in Ukraine, Grains also focuses on the personal development of students, and they are guaranteed a job with the Shelest hotel after they complete nine days of training. Grains is the brainchild of Berlin-based venture developer Maddina Katter and Elena Muradyan, CEO of Shelest, a luxury hotel that opened in 2020. They hope to address two challenges: integrating some of the approximately 5 million internally displaced persons (IDPs) and addressing a workforce deficit in the hospitality sector, which has boomed since the full-scale invasion due to rising domestic tourism. Integrating IDPs is a top priority for Ukraine's Social Protection Ministry, and the ministry found 30% of Grains' applicants. The ministry said it would help Grains secure more funding if at least two IDP students entered employment afterwards. "The government needs us," Katter told the Kyiv Independent. "Until today, there is no project in Ukraine that directly connects education and employment, and also works with the personal (development) of students. "Students will never pay for the school, made possible thanks to partners who will provide the 180,000 euros ($205,000) needed annually. The main donor is German defense company ARX Robotics, which initially invested 25,000 euros ($28,000) into the non-profit company. "It's a blueprint that we want to develop in the future." Shelest, owned by one of Ukraine's top investment bankers, Ihor Mazepa, covers operational costs, including bussing students to school from Kyiv, food and drinks, plus bookkeeping and HR. The school, a trendy Scandinavian-style building constructed with wood and glass, is nestled into the Shelest resort and connects to the restaurant where students train. It's a win-win, Katter said. Shelest gets qualified staff, IDPs get jobs, and the state receives taxes and spends less on support programs. In the future, Grains will include other programs like bar and restaurant work, and partner with other high-end hotels offering good salaries and benefits. The courses are open to all Ukrainians, but Katter wanted the first one to be geared toward women. Read also: In wartime Ukraine, a university grows — and reclaims a space once reserved for the corrupt The idea for Grains came to Katter over two years ago in Berlin when she met Muradyan, who had fled Ukraine with her daughter. Katter had already set up the company Bulletproof Ukraine, making affordable bulletproof vests for civilians, and wanted to create an educational project. When she heard Muradyan's struggles to find employees in the hotel industry, she realized hospitality would be the right path. Salaries have increased in the sector, and housekeepers can earn Hr 1,400 ($35) daily in a hotel like Shelest, above the average salary in the country. Katter saw the opportunity for Grains to help reduce unemployment among IDPs in Ukraine, which is higher than among other citizens, and plug the workforce deficit. "We want to show to the students that they can be creators of the reality they want to live in." Alongside theoretical and practical classes, taught by senior staff at Shelest, Katter starts every eight-hour day with a personal wellness session at 10 a.m. This is not about mental health, she says, but helping students set and achieve personal goals and breaking free from something she believes plagues post-Communist countries – the Soviet mindset. Katter wants students to gain confidence and aim high in their careers. Grains sets out a path to progress in the hospitality industry, but the skills they learn are transferable to other jobs if students want to try something else. "In the Soviet mindset, everyone is just confined to whatever life path is outlined for them. We want to show to the students that they can be creators of the reality they want to live in,' Katter said, adding that she also sees this issue in her homeland, Kazakhstan. For now, Grains has space for maximum 20 people per course, and soon students will be able to stay in on-site dormitories. For the first program, the school interviewed 60 applicants and accepted 12 who the company felt were keen to remain in hospitality. The first students graduated on May 23, and 95% went on to work at Shelest. The next program will launch at the end of July for housekeepers, while the team currently develops a culinary arts course with esteemed Kyiv chef Mirali Dilbazi. One student, Tetiana Izorkina, originally from now-occupied Luhansk, saw the program advertised on Telegram, a messaging app. Stable and safe work is hard to find in her current town, Dobropillia, Donetsk Oblast, which is near the front line. Her mother and grandmother initially thought Grains was a scam because it was free, an issue that Katter says will be solved once the company has a bigger presence and reputation. Fortunately for Izorkina, it wasn't, and she found herself in awe of the manicured lawns, flowerbeds, and contemporary art that decorates the resort. "In Donetsk Oblast, you only see gray colors. There are only soldiers around me, and you cannot see beautiful art. You only see dark," she said, adding how happy and emotional she felt to be on the course. For Izorkina, hospitality will be one of the key industries when the war ends, as tourist numbers are expected to climb back to over 14 million per year. She wants to join those working in hotels, restaurants, and bars to welcome tourists with high hospitality standards. In the long term, Ukraine is just the beginning, and Katter wants to take it worldwide. She sees Germany as the next country due to the high number of displaced people living there. "What we are building right now in Ukraine is a start. It's a blueprint that we want to develop in the future. Grains needs to become a tool that works for people everywhere in the world," she said. Hi, it's Dominic, thank you for reading this story. It's not all doom and gloom in Ukraine, and I want to shine a light on some of the positive things happening during the war. The women I met on the course were incredible and inspiring. It takes a lot to completely start fresh in life, especially when you've had everything turned upside down. To help us keep bringing you good news from Ukraine, please consider becoming a member. 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