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苏州桑拿

Too much wheat impacting markets

first_imgShare Facebook Twitter Google + LinkedIn Pinterest USDA reduced corn yield estimates one bushel and raised bean yield estimates two bushels. The market reacted with corn prices decreasing 4 cents and bean prices 14 for the week. This isn’t unusual though.  Prices typically trend lower from the report until right before harvest.  It’s happened 13 out of the last 15 years.WheatI rarely mention wheat, but right now it’s important to understand how it’s impacting the market.  Simply put, there is too much wheat in the U.S. and globally.  This is keeping prices low enough to encourage its use as feed instead of corn.  This could have a large impact on corn demand going forward.Also, these lower prices may impact acres next year.  There were already 4 million fewer wheat acres this year (7% less). These lower prices may motivate farmers to plant other crops.  While some may plant small grains, or cotton, many will likely plant corn or soybeans.  Corn especially makes a good substitute for wheat in crop rotations because both are grasses and need nitrogen for optimal growth.Funds are short wheat and farmers are long. There aren’t many buyers needing coverage, so I doubt the market will move much until something big and unforeseen happens.CornWheat replacing corn for feed not only impacts the U.S. feed ration, it affects exports too. Until wheat prices hit bottom and rebound, it will be difficult for corn to rally much.Some are debating how many corn acres will switch to beans next year.  It’s really too early to tell right now.  Switching 2 million corn acres to beans isn’t unrealistic.  However, keep in mind assuming trend line yields, the market would still have potentially more carryout (2 billion) and a higher stocks to use ratio than either 2014 or 2015.Similar to wheat, funds are short corn and farmers are long corn. End users are not well covered.  Farmers aren’t selling corn right now, which is keeping the market from going into a free fall.  However, it’s unclear what price point will motivate farmers to start selling and when.  The chances of $4 corn seems out of range until summer weather issues next year at the earliest.Many don’t believe the USDA yield estimates and think it is closer to 171 to 172 bushels. These estimates aren’t bullish, but may suggest $3.25 is a reasonable value long-term.BeansBean demand domestically and internationally is relatively high.  Export demand is 15% higher than 3 years ago and 50% higher than 10 years ago.  Domestic bean demand has been steady the last 10 years, up 4% from last year and 8% from three years ago. Keep in mind though, while the growing world population is keeping demand strong, production has also increased and kept pace.Weather predictions in South America are currently overall neutral, as they expect near normal precipitation.  It’s important to keep South America weather reports in perspective.  Weather will vary regionally, but South America’s growing area is much more spread out than the U.S. It is 50% longer than the U.S./Canadian border to the US/Mexican border.  So, while it may be dry in one area, considering the large growing area, it doesn’t have to impact total production much.Everyone was surprised when prices increased from the mid-$9s in Feb to almost $12 in May.  Many traders are expecting something like this to happen again.  One contributing factor to this price increase was heavy rains in late April in South America during harvest, reducing yields.  It’s unlikely that a widespread weather condition like that will happen frequently.  While I hope prices increase like last year, I need to be prepared if they don’t.Most farmers don’t have 100% on-farm storage and they don’t store beans at home if space is limited.  So, the choice is to either pay storage rates and hope for better numbers or sell off the combine for income.  Funds are long bean futures and so are farmers.  It’s unclear who will sell first and for what price – the funds or the farmers. If both start to sell we could see a fast sell off.  In the spring most traders felt that beans would not trade above $9.50. Now most traders feel that beans can’t trade below $9.50.Market ActionI sold the first 20% of my 2017 bean production at 9.49 last week.  Considering the South America weather conditions are predicting average conditions and that so many funds/farmers are long beans, I decided to sell. This is the same price as most of my 2016 bean production, so I’m starting 2017 where I left off in 2016.  If this is my worst sale of the year, I will be happy.Speculation or MarketingAre you marketing your grain like a speculator (gambling on what future prices for grain will be) or a marketer (someone who strategically sells their grain at profitable levels)?Almost all farmers think they are marketers, but many unintentionally become speculators.  I think it’s the trade that fuels the fire by talking endlessly about how the market is at its lowest and that a huge rally is “just around the corner.”  I hope they are right, but what if they aren’t?  I can’t afford the consequences of wrong predictions.It’s important to see the market from the non-farming speculator’s point of view, which is very different from producers. However speculators don’t need to worry about farm operation break evens, timing, cash flow, basis or production issues like farmers do. For speculators buying options can be a great way to speculate on the market and limit losses.  However, farmers trying to play the same game have to add any losses to their final grain price.  The worst case scenarios of trades that don’t work out for speculators look far worse for a farmer.I heed the advice of speculators but I have to remember that I have different goals than they do. My approach sometimes has to be different from what others market participants are doing.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Using CC Composite in Adobe After Effects

first_imgUsing CC Composite in After Effects is useful for compositing – if you know how it works.CC Composite is a quick in easy way to composite your original layer over your added effects. There are a lot of instances in which CC Composite might be useful but it can be confusing to figure out sometimes.In the following tutorial, Premiumbeat blogger and motion designer Mikey Borup demonstrates how to use the CC Composite effect. The video covers:Using the CC Composite effectOrdering the effect hierarchyUnderstanding effect priorities This video was posted to Mikey Borup’s YouTube page where there is a lot of other interesting tutorials on Adobe After Effects. Thanks for sharing Mikey!Have any other tips for using CC Composite?Please share in the comments below.last_img read more

Controversial Rajasthan bill sent to Assembly select committee

first_imgRajasthan tables Criminal Laws Amendment Bill amid uproar  The move has been severely criticised by the Congress and the National People’s Party (NPP) and senior BJP MLA Ghanshyam Tiwari. The Editors Guild of India too opposed the “harmful ordinance” and demanded its withdrawal.On Tuesday, Mr. Tiwari protested when he was not allowed to raise a point of order. He objected to Speaker Kailash Meghwal giving permission to the Home Minister for giving his statement during Question Hour.  At the beginning of Question Hour on Tuesday, Parliamentary Affairs Minister Rajendra Rathore said Chief Minister Vasundhara Raje held a meeting of Ministers on Monday night to discuss the Bill and that the Home Minister would apprise the House of the development.The Home Minister said that prior approval of the President was sought before introducing the ordinance in September.On Monday, Independent MLA Manik Chand Surana raised the point that no approval of the President was attached with the Bill. As the Opposition MLAs rushed into the well of the House demanding withdrawal of the Bill, Mr. Kataria said the government would consider the suggestions put forward by the members. He then moved a proposal to refer it to the select committee. The proposal was passed by the Assembly. The select committee was asked to submit a report in the next session.The Criminal Laws (Rajasthan Amendment) Ordinance, 2017, seeks to protect serving and former judges, magistrates and public servants in the State from being investigated for on-duty action, without government sanction. It also bars the media from reporting on such accusations till the sanction to proceed with the probe is given by the government.Also Read Rajasthan Criminal Law Bill will check motivated complaints: Prasad Facing flak from various quarters, the Rajasthan government on Tuesday referred a controversial bill that seeks to protect public servants and judges from prosecution without its prior sanction to a select committee of the Assembly.Amid an uproar from the Opposition Congress, the Criminal Laws (Rajasthan Amendment) Bill was tabled in the Assembly by Home Minister Gulabchand Kataria on Monday to replace an ordinance promulgated on September 7.Also Readlast_img read more

Policeman killed in stone-pelting after PM’s rally in Ghazipur

first_imgA police constable was on Saturday killed and several others injured in Ghazipur district of Uttar Pradesh in stone-pelting after clashes broke out during a protest by members of the Nishad Party. Eleven persons were arrrested and several have been detained for questioning. There are over 90 persons named in the FIR, including 30 named as accused.Constable Suresh Vats was returning from his duty at the rally of Prime Minister Narendra Modi when the incident took place under the Nonhara area of the Purvanchal district. Yesh Veer Singh, SP Ghazipur, said the constable was killed when the protestors started pelting stones as the police were “trying to clear the roadblock” created by them. The protestors had blocked roads at four places near the venue, he said. The constable succumbed to his injuries.Chief Minister Yogi Adityanath took cognizance of the matter and announced an ex-gratia compensation of Rs 40 lakh to the family of the constable.  He also directed the district magistrate and SSP to “take strict action against the unruly elements and immediate arrest and legal action against them,”  a government statement said. Sanjay Nishad, president of the Nishad Party, demanded a detailed  police investigation into the incident. “The BJP is trying to defame us with wrong allegations,” he said.Praveen Nishad, MP of Gorakhpur, and leader of the Nishad Party while talking to The Hindu said Nishad Party had no role in the violence. He claimed activists of the party were staging a peaceful dharna when members of the BJP who were returning from the rally in vehicles started chasing and attacking the Nishad activists.”Due to the attack, local villagers came to the support of our workers and this led to an altercation. The incident regarding the constable (stone-pelting) took place through the BJP workers,” said Mr. Nishad.The Nishads were demanding issuing of SC certificates for their caste under the name Majwar and implementation of a 2016 notifcation brought under  the Akhilesh Yadav government, said Mr. Nishad. “The present government is not giving us the certificates even though it is still valid,” said the MP. Nishads are among the 17 most-backward castes in UP who have been over the years struggling for SC status.last_img read more

Transfer Latest: Celtic accept Brighton’s £18m Dembele bid

first_imgTransfers January transfer news & rumours: Celtic accept Brighton’s £18m Dembele bid Goal Last updated 1 year ago 19:05 12/25/17 FacebookTwitterRedditcopy Comments(16) Moussa Dembele Celtic Getty Transfers Premier League Bundesliga Serie A Primera División Ligue 1 Goal takes a look at the biggest transfer rumours from the Premier League, La Liga, Serie A and beyond as we head into the winter window CELTIC ACCEPT BRIGHTON’S £18M DEMBELE BIDCeltic have accepted a bid of £18 million from Brighton for Moussa Dembele, according to Sky Sports .The France international has been on the radar of numerous Premier League clubs, including Chelsea, but could be on the way to Brighton as Chris Hughton looks to bolster his attack for the second half of the season.KLOPP TO OFFER TRAPP PSG ESCAPEKevin Trapp Paris Saint Germain Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Jurgen Klopp is prepared to offer PSG goalkeeper Kevin Trapp an escape from the Ligue 1 leaders according to Le Sport 10 . Trapp’s agent has spoken of his desire to depart and the report states he hopes to land in the Premier League. With Simon Migonlet’s struggles and Loris Karius unproven, Klopp would be interested in taking Trapp on. FELLAINI WILL NOT SIGN MAN UNITED CONTRACTMarouane Fellaini Manchester UnitedMarouane Fellaini is prepared to quit Manchester United as he refuses to sign a new deal with the club, according to Express Sport .The midfielder has reportedly rejected one offer already, and is set on leaving, whether it is in January or when his contract ends in the summer.The report also states Fellaini has at least one offer from China.ARSENAL HAD ALEXIS DEALAlexis Sanchez ArsenalArsenal had a contract extension agreement in place with Alexis Sanchez 12 months ago, according to The Times .The Chilean forward was prepared to commit to fresh terms, but a heavy Champions League defeat to Bayern Munich led him to reconsider.Alexis is now continuing to run down his deal, with Manchester City reported to be keen as he heads towards a January move or free agency next summer.LIVERPOOL AGREE VAN DIJK FEEVirgil van Dijk SouthamptonLiverpool have finally reached an agreement with Southampton for the purchase of Virgil van Dijk, claims the Sunday World .The Reds spent much of the summer attempting to put a deal in place, only to see the deadline pass with the Dutch defender still at St Mary’s.Manchester City and Chelsea have been linked with the centre-half since then, but Liverpool have now agreed to pay close to Southampton’s £70 million asking price.MAN UTD SET MKHI ASKING PRICEHenrikh Mkhitaryan, Man UtdManchester United will demand £35 million from any side looking to land Henrikh Mkhitaryan on a permanent basis in January, claims the Daily Mail .Inter are said to be leading the chase for the out of favour midfielder, while a return to Borussia Dortmund has also been mooted for the Armenian.A loan agreement was expected to be the most likely option, but United are prepared to sell for the right price.POCHETTINO WANTED BY PSGMauricio Pochettino TottenhamParis Saint-Germain are ready to turn their attention to Tottenham manager Mauricio Pochettino, reports The Mirror .The French giants are expected to part with Unai Emery at the end of the season, with a more high-profile coach being sought.Pochettino fits the bill at Parc des Princes, with the Argentine having impressed in England with Southampton and Spurs.SALAH WANTS REAL SWITCHMohamed Salah Liverpool 2017Mohamed Salah is eager to leave Liverpool for Real Madrid and is ready to push for a move, claims Don Balon .The Egyptian forward has been a revelation since moving to Anfield over the summer, with his efforts being noted by leading sides across Europe.La Liga champions Real are said to be heading the queue of suitors, with Salah instructing his agent to put a deal in place.MAN UTD MAKE SESSEGNON LOAN PLANRyan Sessegnon Fulham 2017Manchester United are prepared to loan Ryan Sessegnon back to Fulham in an effort to force through a January switch, says The Sun .The teenage full-back has emerged as a £25 million target for the Red Devils and they will try to sweeten a deal by allowing the youngster to see out the season at Craven Cottage.BENZEMA TO BE SOLD AFTER CLASICO SHOCKERKarim Benzema Real MadridReal Madrid are now full committed to offloading Karim Benzema, who had been given an ultimatum ahead of Saturday’s Clasico, according to don balon . The report says that the French striker had been told before the match by Florentino Perez that if he didn’t show well the club would be looking for a replacement in the winter window. Mauro Icardi is thought to be Los Blancos’ main target. ARSENAL LEAD RACE FOR LEVERKUSEN STARLeon Bailey LeverkusenArsenal have edged in front of Manchester United and Chelsea in their pursuit of Bayer Leverkusen winger Leon Bailey, reports the Mirror . The Gunners are ready to splash £30million on the 20-year-old to beat out their rivals and have been to watch the youngster twice in the last week. PEREZ TO SPLASH €200M AFTER CLASICO Florentino PerezFlorentino Perez is set to splash out €200million this winter to stay in the good graces of Real Madrid fans after being humiliated in El Clasico on Saturday, reports DiarioGol . The club will go after goalkeeper Kepa Arrizabalaga, defender Leonardo Bonucci and striker Mauro Icardi as they look to rebuild. SPURS TO SWOOP FOR SHAW & BARKLEYRoss Barkley Everton Premier LeagueTottenham boss Mauricio Pochettino is ready to swoop for Ross Barkley and Luke Shaw this winter, according to the Express . The Spurs boss will face stiff competition for both players, with Chelsea, Arsenal and West Ham all interested in Barkley and Newcastle also on Shaw’s trail. GIROUD’S AGENT SET FOR CRUNCH ARSENAL TALKSOlivier Giroud ArsenalThe agent of Olivier Giroud is set to be in London for crunch talks with Arsenal ahead of the winter transfer window, reports the Mirror .West Ham and Everton were both in for the French forward in the summer, and with it now clear that he’s second-choice at Arsenal, his agent wants a decision made soon on his future. INTER WANT MKHITARYAN LOANHenrikh Mkhitaryan Manchester UnitedInter Milan are interested in signing out-of-favour Manchester United midfielder Henrikh Mkhitaryan on loan, according to Gazzetta dello Sport .The Serie A club do not believe they can bring in the Armenia international on a permanent deal, and feel that a temporary move for the 28-year-old is much more viable.Inter face competition from Borussia Dortmund for his signature with Mkhitaryan currently exiled at Old Trafford under Jose Mourinho.WEST HAM LINE UP SCHNEIDERLINMorgan Schneiderlin Everton Premier LeagueWest Ham have made an enquiry about signing Everton midfielder Morgan Schneiderlin in the January transfer window, reports the Mirror .Schneiderlin only joined Everton in January this year after a disappointing spell at Manchester United, but the France international has struggled to make a sustained impact at Goodison Park.New Hammers boss David Moyes is keen to improve his midfield options and, after also targeting Bournemouth’s Harry Arter, is showing an interest in Schneiderlin.SAINT-ETIENNE SEEK SANE SIGNINGLamine Sane SV Werder Bremen DFB-PokalSaint-Etienne are looking at the possibility of bringing defender Lamine Sane back to Ligue 1, according to L’Equipe .The 30-year-old Senegal international was born in France and spent seven years at Bordeaux before moving to Werder Bremen in 2016. He has had an excellent season in the Bundesliga despite Werder’s struggles and could be tempted to return to Ligue 1 to join ASSE.AGUERO TO LEAVE MAN CITYSergio Aguero Manchester CityManchester City striker Sergio Aguero could leave the club due to his frosty relationship with manager Pep Guardiola, Marca   reports.His fee is expected to be around the €70 million mark, with Real Madrid monitoring the Argentina international’s situation.  Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.last_img read more

10 months agoMan Utd impressed by Reading goalkeeper Coniah Boyce-Clarke

first_imgMan Utd impressed by Reading goalkeeper Coniah Boyce-Clarkeby Paul Vegas10 months agoSend to a friendShare the loveReading goalkeeper Coniah Boyce-Clarke is attracting big Premier League interest.Sky Sports says Manchester United are scouting 15-year-old Reading keeper Boyce-Clarke.The highly-rated teenager caught the eye as he played for Reading Under 23s against Manchester United last Sunday.And he’s now being closely monitored by representatives at Old Trafford. Boyce-Clarke is an England U16 international. TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

Telekom Austria said that TV and broadband growth

first_imgTelekom Austria said that TV and broadband growth partly compensated for continued losses in fixed-line voice in the third quarter.In Austria, the company’s A1 TV service had 263,000 customers at the end of the quarter, up 7.9%. However, TV and broadband revenue failed to completely arrest a decline in fixed line ARPU.In Bulgaria, where the company recently acquired cable operator Blizoo – which has yet to be consolidated – TV subscribers from its existing Mobiltel unit numbered 124,100, up 53.8% following the launch of a satellite offering at the end of last year. Croatian unit Vipnet recorded 187,200 TV customers at the end of September, up 14.6%.Telekom Austria posted revenues of €1.012 billion for the quarter, down 3.5%. Like-for-like EBITDA was €386.4 million, down 6.8%.last_img read more

Sky has launched the Sky Kids App a new service t

first_imgSky has launched the Sky Kids App, a new service that allows younger viewers in Sky homes to stream series from Cartoon Network, Disney, CBeebies, CiTV, Nickelodeon and Milkshake.The UK pay TV operator is also moving into original children’s commissioning and it is working with prodco Aardman on a new version of Morph – Sky’s first kids original.The iconic claymation series was rebooted by CBBC last year and Sky said it has ordered new episodes for later this year.Alix Wiseman, head of sales and acquisitions & executive producer, Aardman commented: “Morph is very dear to our hearts and we hope that he and his mate Chas will entertain a brand new generation of viewers on this platform, as they have their loyal fan-base over the past four decades.”There will also be a live-action series, showing kids how to make and animate plasticine characters.Sky launched the app this morning, saying it is targeting preschoolers through to nine-year-olds. It allows kids to create a profile and view shows from a 4,000-strong line-up. They can stream the series on smart TVs and connected devices and there are age-related parental controls.Parents can set up to ten profiles for kids. The app is free to existing Sky subs on the Variety package and above.Sky’s move will be welcome news for indies, as the BBC has for some time been the only regular UK commissioner of scale in terms of kids content.Lucy Murphy, Head of Kids Content, Sky said: “We have worked really closely with lots of children and their parents to design the new Sky Kids app. It means they can watch all their favourite shows in a really engaging way designed just for them. Safety is of fundamental importance so parents will be able to filter what their child watches according to their age.She added: “Around a quarter of Sky households have children so we know how important it is we give them the very best kids entertainment. That is why we are investing in exclusive new programming starting with family favourite Morph as well as developing future enhancements for the app including even more safety features, live channels and offline viewing.”last_img read more

Hugues Foulon Orange has named Hugues Foulon as he

first_imgHugues FoulonOrange has named Hugues Foulon as head of the chairman and CEO’s office and secretary of the group’s executive committee.Foulon, who will report direct to chairman and CEO Stéphane Richard, was previously chief financial officer of Orange Middle East and Africa.Foulon began his career with Générale des Eaux (now Veolia), becoming director of the Monagesque Cable TV and Monagesque des Eaux group of subsidiaries, before joining Vivendi-owned Monaco Telecom as deputy CEO. He joined Orange as finance director for the consumer marketing segment in 2005, subsequently returning to Vivendi in a finance role before rejoining Orange as director of of financial control, marketing and innovation in 2009.last_img read more

Eleven Sports and MMA franchise UFC have unveiled

first_imgEleven Sports and MMA franchise UFC have unveiled a new broadcast partnership for the UK and Ireland, starting in January 2019.Danny MenkenUnder the terms of the deal, Eleven has secured the rights to 42 live UFC events in 2019, as well as 150 hours of UFC original and archive programming.UFC Fight Nights will be shown live on Eleven Sports, though Eleven also has the option to make some events available in partnership with other broadcast platforms.Danny Menken, group MD, Eleven Sports, said: “UFC is a perfect fit for our fan centric strategy. We are a big supporter of combat sports across our markets and the approach that we have taken with our properties has been very successful.”UFC SVP international and content David Shaw added: “We have worked successfully with Eleven Sports in Belgium and Luxembourg and we are looking forward to extending our partnership. The UK and Ireland are among UFC’s strongest markets globally and it made perfect sense to partner with them to showcase our product to fans.”UFC is the latest major property acquired by Eleven Sports, following the addition of LaLiga (Spain), Serie A (Italy) and Eredivisie (Netherlands) among others.All the action will be distributed on Eleven’s subscription-based streaming platform via www.elevensports.uk, and iOS and Android mobile and tablet apps.Eleven is also in discussion with broadcast platforms, third party streaming services and smart TV manufacturers to offer the widest possible access to UFC, in line with its platform agnostic approach.last_img read more