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Yahoo
9 hours ago
- Yahoo
Corn Holds Gains into the Wednesday Close
Corn futures slipped off the intraday highs on Wednesday, still closing with fraction to 2 cent gains across the front months. The CmdtyView national average Cash Corn price was up 1/2 cent at $3.62. USDA reported private export sales of 125,741 MT of corn to Mexico and 100,000 MT to Colombia this morning, all for 2025/26. Analysts estimate a total of 100,000 in net reduction to net sales of 300,000 MT for old crop ahead of the Thursday morning Export Sales report. New crop business is estimated to total between 0.9 and 2 MMT in the week ending on August 14. More News from Barchart Coffee Prices Soar on Dry Brazilian Weather and Tighter US Supplies Brazil Weather Concerns and Tighter US Supplies Boost Coffee Prices Coffee Prices Just Hit 2-Month Highs. How Much Higher Can They Go Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Day 2 of the annual ProFarmer showed a Nebraska yield estimated at 179.5 bpa, up from 173.25 bpa last year and the 166.33 3-year average, but shy of their 2021 record. USDA is looking for a 4 bpa increase yr/yr. Yield in Indiana was estimated at 193.82 bpa, which is up 6.28 bpa from last year's tour total and well 10.71 bpa above the 3-year average. USDA was looking for a 7 bpa increase from last year in last Tuesday's report. EIA data from this morning showed a total of 1.072 million barrels per day of ethanol production in the week of 8/15, which was down 21,000 bpd from the week prior and a 12 week low. Ethanol stocks were up 39,000 barrels to 22.688 million barrels. Exports were a 19-week high at 172,000 bpd, as refiner inputs were down 4,000 barrels to 925,000 barrels bpd. The Buenos Aires Grains Exchange estimates the Argentina corn crop to be up 9.6% in acreage for 2025/26 to 7.8 million hectares (19.27 million acres). Sep 25 Corn closed at $3.80, up 1/2 cent, Nearby Cash was $3.62, up 1/2 cent, Dec 25 Corn closed at $4.04, up 3/4 cent, Mar 26 Corn closed at $4.22, up 1 1/4 cents, New Crop Cash was $3.59 5/8, 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20 hours ago
- Bloomberg
Rappi Secures $100 Million Loan From Santander, Private Credit
By and Giovanna Bellotti Azevedo Save Rappi Inc., one of Latin America's most valuable startups, secured a $100 million loan from Banco Santander and Kirkoswald Capital Partners, marking its largest debt financing since the Colombian delivery startup's founding a decade ago. The four-year senior secured facility will support refinancing and working capital needs as Rappi looks to expand in the region's competitive delivery market, the company said in a statement.
Entrepreneur
a day ago
- Entrepreneur
Inside the New Wave of Soccer Team Ownership
Investor and multiple sports team owner Sam Porter breaks down the game we see playing out in shows like "Welcome to Wrexham" and "Necaxa." Hey, wanna buy a soccer team? Because I got a guy. That guy, Sam Porter, is this week's guest on How Success Happens. Porter co-owns Club Necaxa in Mexico (which is the subject of a new docu-series on FX), Club Equidad (which will be renamed Internacional de Bogota in 2026) in Colombia, and he is the co-owner of the Brooklyn Pickleball Team in Major League Pickleball. The investment groups he leads involve lots of recognizable names in the team ownership game — like Ryan Reynolds and Rob Mac and Eva Longoria — so I spoke with Sam to discover why soccer is, ahem, scoring with so many investors these days and to get his game plan for success. You can watch our conversation here or listen to it below. And read on for three success takeaways. Subscribe to How Success Happens to get a dose of inspiration twice a week! Apple | Spotify | YouTube He says building a great business team is like assembling The Avengers. Porter says that team ownership used to involve small groups of incredibly wealthy people, but now it could involve "a couple of dozen" people who all bring a certain expertise to the table. One could be a finance guy, another a real estate person, and another a celebrity who helps magnify the message. "We all come together and we all share the risk and the upside." Takeaway: Building a team with a diversity of skillsets is key to success. He leaned into his talents. Porter says that as a kid, he loved playing sports but realized that his real skill was being a negotiator. He fine-tuned his talent in law school and worked his way into sports as a sports agent and team manager. Then, realizing that he'd "like to be a little higher on the food chain" of professional sports, Porter used his knowledge and connections to kick off his career as a team owner. He admits that it still surprises him to realize he's sitting in the owner's box, but has also come to the realization that, "Somebody's gotta do it, why not me?" Takeaway: Double down on what you're great at — and don't settle for "close enough" when you are chasing a goal. He looks for people who are hungry for success. Being in team locker rooms and standing on sidelines for years, Porter has come to recognize what differentiates good teams from great ones. "You need to have a couple of guys who are just consumed by the need to win. You want those players who are hungry." Takeaway: Every team in business and in sports needs the gamechangers who bring next-level passion. Subscribe to the How Success Happens newsletter for more great leadership tips!
