Boss has concerns over striker’s fitness

first_imgSouthend manager Paul Sturrock has expressed misgivings about Rowan Vine’s fitness.The QPR forward recently joined Sturrock’s side on trial ahead of a possible loan move.Vine scored the only goal of the game in a reserve match against Oxford but Sturrock is unsure whether to retain him.Sturrock told Southend’s website: “He didn’t look fit to me and that’s a worrying aspect – how long it would take. That’s something I’ve been talking to the fitness coaches about.”Follow West London Sport on TwitterFind us on Facebooklast_img

Market volatility and my final 2016 corn positions

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Market volatility has been reduced this past year for corn. This year’s low (so far) is nearly 30 cents higher than last year’s low while this year’s high was about 30 cents lower than last year. This kind of trend can be typical of abundant supply. Another sign of abundant supply is that spreads between futures contract months are wide, encouraging the market to store and hold grain.Storing old crop corn going into harvestLike many farmers, I still have old crop corn stored on my farm (33% of my production). Unlike most farmers in this situation my corn in storage is completely hedged with a short (sold) futures positions. Basis near my farm never rallied to the usual levels of the last 10 years. As harvest is approaching, I need to either move corn before harvest or continue to hold. Following are the questions that should be asked when making this decision. What is the market carry?Currently the spread from Sep ’17 to Sep ’18 is about 45 cents (where Sep ’17 is 45 cents lower than Sep ’18). This is the equivalent of making 12.5% return on investment ($.45 spread / $3.50 futures value). With an operating loan from the bank at 5%, it is more profitable for me to work with my bank and set up terms where I continue to sit on my grain in the bin and capture this carry instead of moving my grain and paying down the loan. How do you capture that market carry and get the bank to go along with it?The first and most important step is that I have to already have the grain sold/priced using futures. This allows me to show the bank that I have reduced risk and put a plan in place. Because I was already short Sep futures in my hedge account from my 2016 production, I had to get out of those futures by 8/30/17. Therefore, on 8/28/17 I bought back those Sep ‘17 futures and immediately sold Dec ‘17 futures at a 14.75-cent premium. Thus I have collected some of the market premium. Why Dec ‘17 futures and not Sep ‘18?I haven’t decided when I will actually set basis and move this old crop corn. I may need to move some before the end of the year, or late winter, maybe even next summer. If I hold until late summer of 2018 I could get 45 cents of market carry. Selecting Dec ‘17 futures helps me keep my options wide open. Is There Basis Risk?The basis price near my farm today is similar to levels I could lock into for later in the marketing year. To minimize risk, I could lock the basis in today and take the guaranteed market carry later. However, basis is the lowest I’ve seen in 10 years. It could go down further, but I’m not looking for that to happen with the information I have today. So, I expect to get the same basis as today or hopefully better down the road. Do you have enough available storage?I anticipated this possibility last spring; therefore, I put up additional storage. After calculating the expected ’17 harvest production, I can still store all of my upcoming harvest at home. With yields going up every year by about 1.5% in several years I’m going to need the extra storage anyway. In the meantime if the market is going to pay me to store grain I might as well listen and profit from it. My Final 2016 Corn PositionsWith a plan for my remaining basis levels secured I can calculate my final 2016 corn prices. Every year I analyze how well I did in futures, basis and market carry. Each of these marketing categories move independent of each other, so I want to identify each area of success and missed opportunity. I can then use this information to make better decisions in the future. Following details my final cash value by marketing category. FuturesMy first 2016 trade was placed in March of 2013 on about 5% of my production for $5.61. Following are other trades I placed against Dec ’16 futures:10% in 2014 for $4.30 avg.10% in summer 2015 for $4.40 avg.35% in Apr-Jul 2016 for $4.03 avg.20% in Oct-Dec 2016 for $3.42 avg.20% in summer 2017 for $3.77 avg.Combined and weighted, these values averaged $3.91 (brown in the chart below), which is better than any futures price available in the last year.But I also picked up additional premium by selling calls and working other option strategies during a sideways market. Those trades all totaled together increased my average sales values by 27 cents on my entire production. I applied this premium to my average futures value to arrive at an average futures sale price of $4.18 (red line on chart below)In hindsight, I should have sold more corn last summer at $4.40. However, I’m still pleased with these results. I didn’t hit any home runs throughout this, but I hit plenty of singles for a win. BasisAs mentioned above, 2016 corn basis was the lowest in 10 years. Consistent abundant supply kept pressure on prices.In early spring of 2017 I set my basis for summer delivery. At the time I was concerned a summer weather factor would create a strong futures rally, forcing basis to plummet and long lines at ethanol plants (like in previous years). None of this happened though.In hindsight I should have waited until the very end of August and delivered corn right before harvest. But considering carryout levels and trends of the past several years, expecting basis to reach it’s high in late Aug would have been a long shot.In the chart below I show where I set my basis.Notes: All bids are for on-farm pick up. Also, I remove the commercial freight rate off of the bids posted by the ethanol plant and shuttle loader from my farm and add back in any dividends I might acquire from selling to either location. I want to compare apples to apples when I look at bids. My final basis price was middle of the road. I could have done a bit better, but I could have certainly done worse.The chart also shows basis was higher in early 2017. If I would have set my basis for earlier delivery I would have missed out on my market carry premium, so that wasn’t a good choice for me. More details on this below. Market CarryMany farmers struggle with market carry. It can be a great way to guarantee additional premium, but to take advantage, I must have the grain sold to capture it.In November of 2016 I moved my Dec ’16 future position to Sep ‘17 futures and collected 30 cents of market carry (the red X on the green line in the chart below). By spring I set my basis for June/July delivery. Ultimately my basis sale was against July futures. By doing this, I missed/loss 8 cents when I had to rolled my Sep futures position back to July to offset the basis sale I made (the red X on the brown line in chart below). My total market carry ended up only as a net of 22 cents of premium.As I mentioned above, setting basis earlier would have taken away market carry premium. If I moved the corn in April/May, I would have lost 17 cents of carry instead of 8. A good rule of thumb, a slightly lower basis with more market carry is usually the better trade.Overall the market carry I collected was about on the average of what I have collected over the last 10 years. SummaryMy final corn cash price:$4.18 Futures+$.22 Market Carry+-$.44 Basis (farm pickup)$3.96 Cash PriceBased upon conversations with some farmers near my farm in southeast Nebraska, many took an average of $3.50 cash on their entire corn crop in 2016, so I’m pleased with my final price.Grain marketing is not simple or easy. If you want to do it right and minimize your risk, it can be complex and time-consuming. The problem is that farmers have a lot of responsibilities and far too little time. Therefore, the amount of time many farmers should be using to developing a strong grain marketing strategy is sacrificed. Instead these farmers prefer to make it quick and simple. By doing this though, these farmers add significantly more risk to their farm operation without even knowing or understanding because risk is hard to comprehend and define. To complicate this, occasional market timing luck by farmers can lead to false hubris that they have a solid grain marketing strategy when they probably don’t.In all trades for my farm the amount of risk I’m taking on is thoroughly analyzed and understood. By doing this, I may not hit home runs, but I’m getting on base most of the time while avoiding the strikeout. This keeps my farm operation profitable year after year.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 [email protected]last_img read more

The Hustler’s Playbook: Paying the Price When It Is Unknown

first_img Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Now You get to determine what you want. You can choose your goals instead of drifting. Some will tell you that you have to decide what price you will pay to have what you want, but this is not true. What you are willing to pay has no bearing on the price you pay.Success doesn’t equitably dole out its rewards. Someone may pay a lower price than you for the success you want. You might have to work longer and harder for something that you want, even when it seems easier for others.Others may have greater talent, or greater resources, or a greater hunger. Their talent may give them an advantage in producing the result you want. Greater resources can provide a tremendous advantage, especially when those resources are deployed in chasing down a goal. Hunger is a variable that is difficult to quantify, but can easily be seen and felt. When one is hungry, they start working on what they want as soon as their feet hit the floor in the morning.Success tends to prefer intrinsic motivation and to shun those who need others to manage or lead them. Goals come faster to those who are motivated because they do the work diligently and without fail, without ever having to be reminded, coaxed, prodded, or forced to do it.Those who are willing to pay the price, even when the price is unknown achieve their goals. Because they continue to pay, results accrue to them over time until, finally, they have what it is they want. At which point, the look off in to the distance and see something else on which to set their sights.last_img read more

IRCTC to pay compensation after delayed run of Tejas

first_imgA delay of more than three hours in the running of the Delhi-Lucknow Tejas Express on October 19 has cost the IRCTC around ₹1.62 lakh which the railway subsidiary will pay through its insurance companies as compensation to around 950 passengers, a first in the history of the Indian Railways, officials said on Monday. The train left Lucknow at around 9.55 a.m. instead of the scheduled 6.10 a.m. and reached New Delhi at around 3.40 p.m. instead of 12.25 p.m. It left New Delhi at 5.30 p.m. instead of 3.35 p.m. and reached Lucknow at around 11.30 p.m. instead of 10.05 p.m.The 450 passengers from Lucknow to Delhi would get ₹250 each and the 500 passengers from Delhi to Lucknow would be paid ₹100 each. One official said each passenger can avail himself of the compensation through a link of the insurer provided with every ticket. He also said the delay on October 19 had been caused by a derailment near Kanpur. Since it began commercial operations from October 6 for six days a week, the train has maintained a tight schedule. On October 20, the Lucknow-Delhi Tejas reached 24 minutes late while the Delhi-Lucknow Tejas arrived right on time. Under the IRCTC’s policy, ₹100 would be paid in case of delay of over an hour and ₹250 for delay of over two hours, the IRCTC said ahead of the launch of its first train.The travel insurance includes a cover of ₹1 lakh against household theft and robbery during the travel period of the passengers, again a first for those travelling on board trains.last_img read more

Is The College Bowl System Unfixable

Welcome to the latest episode of Hot Takedown, FiveThirtyEight’s sports podcast. On this week’s show (Dec. 20, 2016), we debate whether we’ve reached peak bowl season in college football — and discuss ways to reform the system. Next, following the benching of Houston Texans QB Brock Osweiler this weekend, we take a look at his stats and ponder whether he would have been better off with the Denver Broncos. Finally, ’tis the season: with an assist from Neil Paine and IMDb, we try to apply Elo ratings to Christmas movies. Plus, a significant digit on how a celebration ruined the Celebration Bowl for North Carolina Central.Links to what we discussed:Heading into the start of bowl season, Neil Paine attempted to grade the many, many, many college football matchups.Back in April, Bleacher Report’s Barrett Sallee argued that there is no such thing as too many bowl games.ESPN’s Stats & Information took a look at the numbers that led to the sidelining of Brock Osweiler this weekend.Before Osweiler and Trevor Siemian faced off against each other this October, ESPN took stock of the pros and cons of each quarterback.If you’d like some more Christmas movie suggestions, this IMDB keyword search will give you some ideas.Significant Digit: 15, the number of yards lost on an excessive celebration penalty that was enforced at the Celebration Bowl — and that decided the game. With a couple minutes remaining in the fourth quarter, NC Central scored a 39-yard touchdown against Grambling State. The receiver who scored removed his helmet in celebration, resulting in a penalty that moved the extra point attempt back. NC Central missed the extra point and wound up losing, 10-9. Embed Code FiveThirtyEight More: Apple Podcasts | ESPN App | RSS | Embed read more

Obie Wilchcome Bids Farewell To Perry Christie

first_img#magneticmedianews#obiesaysgoodbyetochristie Related Items:#magneticmedianews, #obiesaysgoodbyetochristie Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 19, 2017 – Nassau – Former Minister of Tourism Obie Wilchcombe expressed his shock at the PLP’s loss in the General Election while bidding farewell to Party Leader Perry Christie after 20 years as the PLP’s leader.“Many are still trying to figure out why the thousands of Bahamians did not vote, why many stayed home and how change could come when the people did not indicate that they truly wanted the change”, he said.In acknowledging all of Christie’s accomplishments and goodwill, Obie also made mention of those that have betrayed the Former Prime Minister, over the years.“Many of us say thank you for opening the doors for so many because there are those that even criticized you, who you opened doors for. Those who’ve said things about you who you gave opportunities to. and those who you in fact, gave second chances to, who turned their backs on you. But I’m reminded that you can only be back-stabbed by a friend.”, he stated.He continue, promising party supporters that the PLP will rebuild and do their best to win the next election.“We will rebuild with our deputy leader, we’ll rebuild with our chairman, we will rebuild with all in this organization because you have told us “Never give in, never give up, never retreat.” So, Mr. Leader, we will win the next one but we will win this one for you, Mr. Leader.”Obie Wilchcombe revealed that he will run for chairman of the PLP at the party’s next convention as Bradley Roberts will not seek re-election to that post.last_img read more

San Diego County Supervisor Gaspar discusses border security at the White House

first_img KUSI Newsroom January 11, 2019 SAN DIEGO (KUSI) – San Diego County Supervisor Kristin Gaspar attended a round-table discussion on U.S.-Mexico border security at the White House today. Gaspar and several sheriffs from border communities in Texas highlighted violent acts committed by immigrants living in the country illegally.Gaspar noted that San Diego County relies heavily on inter-border commerce but also told the panel of San Diego’s issues with drug and sex trafficking, claiming illegal immigration exacerbates both industries.According to Gaspar, sex trafficking in San Diego County — an $800 million industry — is a direct result of “insecurity at our border.”“Twenty-two hundred miles from Washington, D.C., representatives like me are held accountable by these families and these victims each and every day while a standoff continues here,” Gaspar said at the discussion. “And so, I challenge our congressional members to meet with these families, to meet with these victims, to look them in the eye and tell them that this is not a crisis.”Gaspar’s office did not respond to a request for comment on her attendance at the round-table.At the roundtable, President Donald Trump backed off his previous threats to declare a national emergency to fully build his signature wall on the country’s southern border.A Thursday NBC report also detailed that the White House has considered diverting Army Corps of Engineers disaster relief funding originally meant to help Puerto Rico and California toward funding the wall.The Board of Supervisors voted Tuesday to take steps to support immigrants such as asylum seekers in San Diego, including directing the chief administration office to find properties in which to shelter asylum-seeking migrants.Gaspar and fellow Supervisor Dianne Jacob voted against the board’s proposal to find places to shelter asylum seekers. KUSI Newsroom, San Diego County Supervisor Gaspar discusses border security at the White House Posted: January 11, 2019 Categories: Local San Diego News, National & International News FacebookTwitterlast_img read more

SDSU to ban electric scooters and other micromobility devices on campus

first_img August 19, 2019 Posted: August 19, 2019 Jonathan Halvorson How will the new policy be enforced?Micro-mobility companies have set up “geofencing” around campus, which will alert riders when they are approaching the “no-ride” campus zones. Once the rider enters the geofence, the device will begin to slow significantly.If a rider attempts to bring the device inside of the geofence, the respective device app will block the rider from ending the ride. Users will receive a notification that they must park the motorized device in a designated zone. As part of the policy, designated parking zones, bordering the geofence, have been constructed.The new policy does not apply to manual powered micro-mobility devices. Personal motorized micro-mobility devices owned by faculty, staff, students and campus visitors will be required to be powered down on campus. Those who operate personal motorized devices on campus will be fined $75. Electric or motorized bicycles may be used on campus if powered off.Additionally, the use of non-motorized scooters, bicycles and skateboards on the bike lanes or curbed campus roadways is still permitted and unaffected by the new policy. Categories: Local San Diego News FacebookTwitter SDSU to ban electric scooters and other micro-mobility devices on campus Why are motorized devices being prohibited on campus?A report compiled by PATS showed a 22% increase in incidents involving bicycles, scooters and skateboards – both motorized and manual powered – on campus between 2017 and 2018. This prompted the formation of a shared governance committee composed of students, academic senators, Enrollment Services, Student Affairs, and others to explore a new policy for the devices.Following concerns for both pedestrian and rider safety on campus, and in response to instances of accidents involving electric or motorized scooters across the country, the University Senate voted to change the university’s active transportation policy and prohibit “micro-mobility” transportation on campus. The policy was officially approved in March 2019. Jonathan Halvorson, SAN DIEGO (KUSI) – San Diego State University said it will ban the use of electric or motorized dockless scooters, bicycles, roller skates, hoverboards, skateboards and other similar devices on  campus starting this fall.Students will be able to use them to commute to and from campus, but they are not permitted to operate the devices within university grounds, with the exception of eight designated parking areas.“The new policy was enacted to ensure the safety of our campus community was a top priority,” said Parking and Transportation Services (PATS) Director Debbie Richeson. “However, we recognize that micro-mobility is a favored and accessible form of alternate transportation and we want to support this mode of transportation to and from campus.”last_img read more