logo
Soybeans Rally on Wednesday

Soybeans Rally on Wednesday

Yahoo8 hours ago
Soybeans were in rally mode on Wednesday, with contracts up 20 to 26 cents on the day. The cmdtyView national average Cash Bean price was up 23 3/4 cents at $10.12 1/2. Soymeal futures were $2.90 to $4.10 higher on the day, as Soy Oil was up 110 to 140 points.
Thursday will be the last trade day of the week due to Independence Day on Friday.
Arabica Coffee Prices Are Falling. How Much Lower Will They Go?
Brazil Coffee Harvest Pressures Weigh on Prices
Coffee Prices Fall as Pace of Brazil's Coffee Harvest Accelerates
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!
Ahead of Thursday morning's Export Sales report, analysts surveyed by Reuters are looking for between 300,000 and 700,000 MT of old crop beans booked in the week of June 26. New crop sales are expected to total between 0 and 300,000 MT. Soybean meal sales are expected to total 100,000 to 650,000 MT, with bean oil bookings in a range of net reductions of 10,000 MT to sales of 26,000 MT.
Earlier today, President Trump announced a trade deal with Vietnam, stating the country is charging no tariffs on US goods. Nearly 5.7% of all US soybean meal export commitments for 2024/25 have been for Vietnam, with 2% of all bean commitments to the country.
The 7-day QPF from NOAA shows rains up to 1.5 inches in parts of NE, IA, MN, WI, and the Dakotas. The ECB is showing expectations for lighter totals.
Jul 25 Soybeans closed at $10.50 1/2, up 25 3/4 cents,
Nearby Cash was $10.12 1/2, up 23 3/4 cents,
Aug 25 Soybeans closed at $10.53 1/2, up 23 3/4 cents,
Nov 25 Soybeans closed at $10.48, up 20 3/4 cents,
New Crop Cash was $10.00, up 21 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 Barchart.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Despite all the drama, trade uncertainty hasn't really hurt economic growth, Goldman Sachs says
Despite all the drama, trade uncertainty hasn't really hurt economic growth, Goldman Sachs says

Yahoo

time19 minutes ago

  • Yahoo

Despite all the drama, trade uncertainty hasn't really hurt economic growth, Goldman Sachs says

President Donald Trump's policies may have disrupted trade, but not global economic activity. Investment, employment, and spending remain strong despite initial fears of a slowdown, wrote Goldman Sachs. Growth forecasts for this year have actually improved from earlier, more pessimistic calls. President Donald Trump's new policies may be upending the global trade order, but so far, they're not hitting the economy hard, wrote Goldman Sachs analysts. "There are very few signs that uncertainty is taking a toll on activity," analysts at Goldman Sachs wrote in a Thursday note. Even though the analysts had expected Trump's second term to slow economic activity, the numbers tell a different story. Since late 2024, investment, factory hiring, consumer spending, and broader economic activity have all stayed resilient across major developed and emerging markets. In fact, growth forecasts for both the second quarter and this full year have actually improved from earlier, more pessimistic calls. The analysts pointed out that in most economies, trade-exposed investment accounts for a small share of GDP, so the impact may just be "too small to see." New factory investment, especially in emerging markets, has dipped, but this accounts for just 0.2 to 0.3 percentage points of GDP in major economies. The analysts also wrote that uncertainty usually bites hardest when financial conditions tighten. But global liquidity has actually improved since the start of the year, making it easier for businesses to borrow money and invest. Meanwhile, activity and investment expectations that dipped in April — which coincided with Trump's "Liberation Day" announcement — have already bounced back on improved tariff news. "As such, while we continue to expect that tariffs will slow activity later this year, we expect this will be mostly driven by the direct impacts of tariffs rather than uncertainty around trade policy," they added. Goldman's report came as the US posted better-than-expected employment data in June. The economy added 147,000 jobs, and unemployment fell from 4.2% to 4.1%. Investor sentiment is upbeat, with the S&P 500 and the Nasdaq at record highs. To be sure, trade policy uncertainty remains high by historical standards, with Goldman's uncertainty index spiking after Trump's election. But that uncertainty has eased in recent months as Trump negotiates new trade deals. Some businesses did rush to ship goods to the US ahead of potential tariffs, a phenomenon known as "front-loading," which may have helped mask some issues. But even after controlling for that, Goldman analysts found little evidence of an "uncertainty drag" on growth. There were also few differences between economic activities in countries that did and didn't boost exports to the US this spring. "The uncertainty drag, therefore, appears smaller than feared," they wrote. Read the original article on Business Insider

Expert Who Predicted Tesla Stock Crash Reconsiders — Bitcoin and 3 More Factors To Watch
Expert Who Predicted Tesla Stock Crash Reconsiders — Bitcoin and 3 More Factors To Watch

Yahoo

time23 minutes ago

  • Yahoo

Expert Who Predicted Tesla Stock Crash Reconsiders — Bitcoin and 3 More Factors To Watch

Crypto investor and analyst Tuur Demeester made a great call in August 2022: swap your Tesla shares for Bitcoin. Shortly after that call, Tesla took a massive slide and is only up by 12% since August 2022. Meanwhile, Bitcoin recovered from its 2022 lows and soared by more than 400%. Read Next: Find Out: However, his tune is starting to change. In a recent X post, Demeester pondered if now is a good opportunity to get back into Tesla stock. His chart compares how much Bitcoin you can buy with a single Tesla share. While the share price seems to present a buy-the-dip opportunity, there are a few key factors to consider before deciding if Tesla is a buy. Bitcoin's growth doesn't only play a role in Bitcoin vs. Tesla debates, but it also has a direct impact on Tesla's stock price. The EV maker has more than 11,000 Bitcoins and continues to grow its stockpile. That's well over $11 billion in Bitcoin. If the cryptocurrency gains more value and Tesla continues to build its position, Bitcoin will soon have a more sizable impact on Tesla's future price movements. Robotaxis are a key piece of Tesla's long-term bullish outlook. Tesla recently received the green light in Austin, Texas, according to Time, and its robotaxis have received mixed reviews. As the technology improves and becomes more accurate, lower prices will draw people away from services like Uber. While Waymo is the current leader in the United States, Tesla has a key advantage. The company is a widely recognized automaker, and many people buy Tesla vehicles just to drive them. Future vehicles will have a robotaxi component that lets Tesla owners earn money from their vehicles even when they aren't driving them. This type of network can grow rapidly and in a more cost-effective manner than Waymo. Tesla has Airbnb scaling potential with its robotaxi service, while Waymo isn't selling cars to the public, which makes it more expensive for them to expand operations. Humanoid robots are another long-term catalyst for Tesla investors. Optimus has made great strides and will be used in Tesla factories later this year, according to Business Insider. Tesla humanoid robots could be available for purchase as soon as 2026. These robots could potentially become revolutionary, must-own items for consumers and businesses. They may be able to perform household chores, heavy-duty jobs and other tasks. The humanoid robots haven't produced any tangible revenue yet, but they can become a big driver of future growth in the next 3-5 years. Most of Tesla's stock valuation depends on how investors feel about its future prospects. While robotaxis and humanoid robots are exciting, they mask the fact that Tesla's core electric vehicle business isn't doing well. BYD, Shenzhen-based EV brand, has been gobbling up Tesla's market share in Europe, and other Chinese EV makers are also competing for European drivers. Tesla has already found itself losing ground in a crowded Chinese EV market, making this recent development even worse. The political mismatch between Musk's stance and the typical Tesla customer's political tendencies makes matters even worse. Tesla has catered to people who want a more environmentally friendly driving solution than gas. It's a mostly liberal base that bought Tesla cars and sang high praises for Musk before he supported President Trump. Musk's stance has alienated Tesla's core audience, and liberal-leaning people outside of the United States have followed suit. Tesla sales plummeted in Germany when Musk endorsed a right-wing candidate, and it's possible that Tesla never recovers in Germany, according to Forbes. Musk is unlikely to completely bow out of politics, and that can further alienate him from the liberal customers who regularly purchased Tesla vehicles before he became more vocal. While robotaxis and humanoid robots could change the financial narrative, for now, prospects of a strong future are in the driver's seat for this Tesla stock rally. Any holes in that narrative may result in a deeper correction. More From GOBankingRates 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Expert Who Predicted Tesla Stock Crash Reconsiders — Bitcoin and 3 More Factors To Watch

Tony Robbins' No. 1 Solution to Saving Money for Retirement
Tony Robbins' No. 1 Solution to Saving Money for Retirement

Yahoo

time23 minutes ago

  • Yahoo

Tony Robbins' No. 1 Solution to Saving Money for Retirement

When it comes to saving for retirement, bestselling personal finance author and motivational speaker, Tony Robbins, said most Americans are saving nowhere near enough — instead, relying on Social Security to carry them through their golden years. Yet, given the average monthly Social Security paycheck is only $2,002.39 (per Kiplinger), Americans are asking for trouble. $2,000 dollars a month doesn't even cover the rent on a one-bedroom apartment in many places. Trending Now: Learn More: Robbins claimed people fail to save for retirement because they psychologically view saving money for some unknowable time in the future as a sacrifice in the present they are unable to make. Simply put, the future does not feel real. In the mind of most Americans, who can plan for the phantom future when medical debt and student loans need to be paid off? In his book, 'MONEY Master the Game: 7 Simple Steps to Financial Freedom,' Robbins wrote, 'the bottom line is, if we feel like we're losing something, we avoid it; we won't do it. That's why so many people don't save and invest. Saving sounds like you're giving something up, you're losing something today. But you're not. It's giving yourself a gift today of peace of mind, of certainty or the large fortune in your future.' In the wake of recent retirement warnings, Robbins proposed a solution to saving money for retirement. This is why, according to The Street, Robbins advocates for the 'Save More Tomorrow' plan, originally the brainchild of economists Richard Thaler and Shlomo Benartzi. In this model, employees are not asked to make any major cuts to their current spending. Instead, they start out saving negligible amounts of their income — even just 3% — and then increase the percentage at some point in the future ('tomorrow') when their income increases. They repeat this process of saving larger and larger percentages each and every time they get a pay raise until, before they know it, they have accrued substantial retirement savings. According to Thaler and Benartzi, people don't feel this type of saving as a loss because they can't miss what they never had. Check Out: Thaler and Benartzi tested the 'Save More Tomorrow' plan on employees at a company in the Midwest who stated they could not afford to save any of their paycheck. 'After just five years, those employees who thought they couldn't afford to save were setting aside just under a whopping 14% of their paychecks,' stated Robbins. 'And 65% of them were actually saving an average of 19% of their salaries.' Saving for retirement can feel like a large, overwhelming task that can cause pain in the present — a pain which most seek to avoid. But, by simply reframing the task and transferring the bulk of the 'pain' to a later date (when income increases), participants became willing to pull the trigger… and didn't feel that pain. The 'Save More Tomorrow' plan can serve as an excellent psychological hack if you're prone to procrastinating. It actively tricks you into planning and saving for retirement which will help you establish a more secure financial future. Additionally, you'll wind up benefitting from compound interest earned over time on retirement accounts like 401(k)s and IRAs. As the saying goes, 'wealth is money and time.' And a few dollars saved today could means thousands of dollars secured down the line. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on Tony Robbins' No. 1 Solution to Saving Money for Retirement

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store