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IAAF Diamond League expands into Africa

first_imgZurich, March 3: The General Assembly of the Intertiol Association of Athletics Federations (IAAF) Diamond League meeting has decided to include Rabat, Morocco, as a new host city for the prestigious global series of one-day athletics meetings, it was announced on Thursday.The meeting replaces New York, US, with immediate effect for the 2016 season, reports Xinhua.Launched in March 2009, the IAAF Diamond League — which features the world’s best athletes competing across 32 individual track and field disciplines — has for its first six competition seasons (2010-2015) included host cities in Asia, Europe, and North America.With the addition of Rabat, the series of 14 meetings — which annually takes place from May to September — now includes a fourth continent, Africa.Rabat first applied for membership of the IAAF Diamond League in 2014 and has since undergone a rigorous evaluation process to confirm its organisation, facilities and services were of a high enough standard for inclusion into athletics’ top-tier intertiol invitatiol circuit.Sebastian Coe, IAAF President and Chairman of Diamond League AG, said: “We are pleased to be able to take our premier athletics series into a new continental area. The IAAF Diamond League offers the best athletics entertainment to the world outside of the IAAF World Championships and the Olympic Games.”2016 IAAF Diamond League calendarMay 5 – Doha, QatarMay 14 – Shanghai, ChiMay 22 – Rabat, MoroccoMay 28 – Eugene, United StatesJune 2 – Rome, ItalyJune 5 – Birmingham, BritainJune 9- Oslo, NorwayJune 16 – Stockholm, SwedenJuly 15 – MocoJuly 22-23- London, BritainAugust 25 – Lausanne, SwitzerlandAugust 27 – Paris, FranceSeptember 1 – Zurich, SwitzerlandSeptember 9 – Brussels, Belgium. IANSlast_img read more

2019 Elections: ‘Lagos Walk With Sanwo-Olu’ Holds January 12

first_imgAs more and more Lagosians key into the vision of the Gubernatorial Candidate of the All Progressives Congress (APC) in Lagos, Mr. Babajide Sanwo-Olu, no fewer than 20,000 residents of the state would on Saturday show their support for him with an early morning 10-kilometre walk.Tagged “Lagos Walk With Sanwo-Olu”, the 20,000-man march is the initiative of the 39142 Group, which has been building huge grassroots support for Mr. Sanwo-Olu across the state. According to the 39142 Group in a statement, “the walk is scheduled to hold on the 12th of January, 2019. Converging point is Tafawa Balewa Square (TBS) and the route is through Awolowo Road and Falomo to end at Muri Okunola Park. Take off time is 7a.m.” The organisers of the exercise  noted further that online and offline activities for the success of the walk were in top gear, with the registration of over 20,000 Lagosians already accomplished.“Social Media buzz on the march is trending on Twitter under the hashtag #LagosWalkwithSanwo-Olu, which the 39142 Group launched via its twitter handle @greaterlag39142,” the statement stressed.While still insisting that Contacts, registration and other round-the-clock engagements with Lagosians are also on-going on the 39142 Group’s Instagram Account: @greaterlagosby39142 and facebook page: Walk4GreaterLagos and twitter: @greaterlag39142, it welcomes more Lagosians who want to be part of the healthy walk for life. The 39142 Group enjoined more Lagosians to embrace the vision and agenda of the Lagos APC governorship candidate in order to keep the state on the path of steady progress initiated in 1999 by then Governor of the state and current National Leader of the APC, Asiwaju Bola Ahmed Tinubu. “We are supporting a great vision; a great mission for the Lagos of our collective dreams and it is clear that Mr. Babajide Olusola Sanwo-Olu is the right man for the job today. That is why we have been engaging Lagosians from all walks of life for Sanwo-Olu. The grassroots response to our engagements has been massive and without doubt Lagos is voting President Muhammadu Buhari, Mr. Babajide Olusola Sanwo-Olu and all other APC candidates across the state in this year’s General Elections,” the 39142 Group stressed in the statement.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Opponent preview: What to know about No. 11 Louisville

first_img Published on February 18, 2020 at 2:02 pm Contact Nick: [email protected] | @nick_a_alvarez Syracuse (14-11, 7-7 Atlantic Coast) likely faces its last ranked opponent on Wednesday night when the Orange travel to the KFC Yum! Center to take on No. 11 Louisville (21-5, 12-3). The Orange have dropped two in a row, recently falling to Florida State by three points. The Cardinals have also lost two-straight after being upset by Georgia Tech and Clemson. Here’s what to know about Louisville ahead of tip-off. All-time series: Louisville leads, 18-10Last time they played: Hosting the Cardinals in late-Feb. 2019, SU won, 69-49. Elijah Hughes led with 18 points, six rebounds and a pair of blocks while Oshae Brissett and Buddy Boeheim chipped in 16 and 14 points. Syracuse also forced Louisville into its worst shooting performance of the season (25.9%) and held Jordan Nwora to 11 points. It was one of Syracuse’s last marquee wins ahead of the 2019 NCAA Tournament. The Cardinals report: Led by Nwora, Louisville combines good defense with better offense and features a nine-player rotation. It didn’t lose its first game until a neutral site matchup against Texas Tech on Dec. 10. Then the Cardinals bookended the new year with an overtime loss to rival Kentucky and a 13-point home defeat to Florida State. AdvertisementThis is placeholder textThey rank 12th in Division-I adjusted offensive efficiency, per KenPom, and 44th on defense. Those metrics sit second- and fourth-best, respectively, in the ACC. Their scoring is split among Nwora (the second-best scorer in the ACC with 18.2 ppg, only behind Hughes), 6-foot-10 center Steven Enoch (9.9) and forward Dwayne Sutton (9.2). By normally out-shooting (40.7% team 3-point percentage) and out-rebounding teams, Louisville poses one of the worst on-paper matchups with the Orange this season. In recent games, coach Chris Mack has turned to a lineup of Nwora, Sutton, Enoch and guards Lamarr Kimble and Darius Perry most often, per KenPom. How Syracuse beats the Cardinals: The task is daunting. Syracuse must limit the Cardinals’ 3-point shooting and have another stout rebounding performance. SU must follow the blueprint it used to upset Virginia on the road in mid-January. In Louisville’s last two losses, it’s shot a combined nine-for-51 from deep and averaged 60 points a game. And that’s with Nwora slumping. The junior has seven points in his last two games, and the Orange must keep him struggling to have any shot at an upset. Offensively, look for Syracuse to again rely on Hughes and Joseph Girard III for offense. A reemerging Buddy Boeheim can help crack a Cardinals defense that allows 43.4% of its points from 3. Stat to know: 7.5% — Louisville’s steal-percentage that ranks 287th nationally. SU shouldn’t be forced into many turnovers. KenPom odds: The Orange have a 20% chance of winning the game, per KenPom. The contest’s projected final score is 78-68 Cardinals.Player to watch: Darius Perry, No. 2, Guard Perry is Louisville’s starting point guard and leads the team in assists (73). He’ll be the one trying to feed Enoch or Nwora in the high post of the 2-3 zone. The 6-foot-2 guard is a threat offensively as well, with a 40.6% 3-point percentage. While the Orange are occupied with Louisville’s forwards, it could be Perry who’s an X-factor.  Comments Facebook Twitter Google+last_img read more

Health care firm helps seniors

first_imgBUSINESS NAME: Senior Professional Services BUSINESS ADDRESS: 14417 Chase St. Suite 268, Panorama City PHONE: (818) 897-2831 FAX: (818) 892-7190 AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant OWNER: David Enzer ESTABLISHED: 1995 NUMBER OF EMPLOYEES: One DESCRIBE YOUR BUSINESS: We represent health care providers to retirement homes, convalescent hospitals and board and care facilities. IS THIS YOUR FIRST BUSINESS? No WHY DID YOU START THIS BUSINESS? I have been doing health care public relations for more than 30 years. The facilities I mentioned above have no source of referrals for health care providers. WHERE DID YOU GET THE IDEA? From the administrators of various facilities, retirement homes, etc. HOW LONG WAS IT FROM CONCEPT TO OPENING? Six months WHAT DID YOU DO DURING THAT TIME? Public relations for a radiologist in Beverly Hills. WHAT WERE YOUR STARTUP COSTS AND HOW DID YOU FINANCE THE BUSINESS? $1,000 from savings. WHO DID YOU RELY ON FOR ADVICE? The administrators from the facilities. WHAT HADN’T YOU CONSIDERED BEFORE OPENING? I know the marketplace, and I’m the only one representing a group of health care providers to the same market. WHAT IS YOUR EXPECTED REVENUE THIS YEAR? $60,000 WHAT GOALS DO YOU HAVE FOR THE COMPANY? To expand to other counties. To be considered for a small business profile, you should have fewer than 10 employees and be locally based. For a free profile questionnaire, call (818) 713-3699.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgFOOTBALL CHAMPIONSHIP – FIRST ROUND, FIRST LEGFanad Gaels 1-7 Killybegs 0-10Dungloe 0-10 Cloughaneely 0-7 Buncrana 1-11, Burt 1-06Buncrana/Burt report here https://www.donegaldaily.com/2012/09/29/gaa-ryans-return-as-buncrana-beat-burt-in-derby-game/Termon 2-14, Urris 2-04  Report here:https://www.donegaldaily.com/2012/09/29/gaa-doherty-stars-as-termon-overcome-urris/ Send results, pix and reports to [email protected] GAA COUNTY CHAMPIONSHIP RESULTS was last modified: September 29th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GAA COUNTY CHAMPIONSHIP RESULTSlast_img read more

Do Confusing Branches Add up to a Darwin Tree?

first_imgEvolutionists routinely try to construct parts of Darwin’s grand “tree of life” from fossils and genes.  Do the parts come together as expected?Camels & mammals:  The genome of a Bactrian (two-humped) camel named Mozart was deciphered.  According to Science Daily, “The DNA code also represents a rich resource for addressing questions on phylogenetic relationships between animals.”  So far, though, all the geneticists found was 85% similarity to the one-humped dromedary camel.  They hope it will clarify relationships with llamas and alpacas, too, but that work remains to be done.Zebrafish & mermaids:  Alongside a photo of a lovely lady swimming underwater, Michael Gross wrote in Current Biology,  “While we humans tend to have grandiose ideas about our special position in the tree of life, more than 70% of our genes have an obvious orthologue in zebrafish.”  Other than telling sweeping stories of evolutionary transitions, Gross only mentioned the coelacanth genome and the zebrafish genome as data, noting that “zebrafish has the largest number of unique genes (3,634) not shared with any of the others” (chicken, mouse, and human).  And despite the major changes involved in moving from sea to land, he wrote, “Arthropods must have made the transition at least five times, as researchers have concluded from phylogenetic trees.”Tree of life is fishy:  In “Somethings’s fishy in the tree of life,” Science Daily reported on the largest comparison of fish genes to date, providing data that “dramatically increase understanding of fish evolution and their relationships.”  Some assembly required, after disassembling previous assumptions and “proposing” relationships nobody would have expected:While some of the findings provide new support for previously understood fish relationships, others significantly change existing ideas. Many different groupings are proposed in this new tree. For example, tunas and marlins are both fast-swimming marine fishes with large, streamlined bodies, yet they appear on very different branches of the tree. Tunas appear to be more closely related to the small, sedentary seahorses, whereas marlins are close relatives of flatfishes, which are bottom-dwelling and have distinctive asymmetric heads.Fish & Hips:  A short article on Science Daily tries to explain the “fishy origin of our hips.”  We’re related to salamanders, by implication: it only took a “few evolutionary steps” to convert fins to hips.  Even though humans are thought to be very distant on Darwin’s tree, “the differences between us and them are not as great as they appear — most of the key elements necessary for the transformation to human hips were actually already present in our fish ancestors,” the article alleges.  And that’s because “Many of the muscles thought to be ‘new’ in tetrapods evolved from muscles already present in lungfish,” a Monash University evolutionist said.  “We also found evidence of a new, more simple path by which skeletal structures would have evolved.”  A picture of an axolotl adorns the article—but that’s a salamander, not a fish.Speaking of salamanders, an article on PhysOrg alleges that the “repeated evolution of high foraging rates in spotted salamanders” shows the “invisible finger of evolution” at work.  Quote from the evolutionary spokesman from U of Connecticut: “Finding that adaptive evolution may disguise strong ecological effects means that a range of ecological predictions are likely to be unreliable if we ignore how evolution affects biological communities” — i.e., evolution and ecology are so “inexorably intertwined,” one can mask the other.Snakes alive, and hopeful lizards:  A researcher with his team at George Washington U has built a new evolutionary tree of all lizards and snakes around the globe, 4,161 species in all.  “While there are gaps on some branches of the tree,” the lead acknowledged, “the structure of the tree goes a long way toward fully mapping every genus and species group.”  He thinks he knows what will fill the gaps, even though the project is preliminary: “this estimate of the squamate tree of life shows us what we do know, and more importantly, what we don’t know, and will hopefully spur even more research on the amazing diversity of lizards and snakes.”Speaking of lizards, here’s a big one.  While listening to music from The Doors, Jason Head (U of Nebraska) found a six-footer he named after Jim Morrison (leader of the rock band, who apparently committed suicide).  Thought to have lived 40 million years ago, Barbaturex morrisoni was larger than many of the mammals it munched on.  Head attributed today’s paucity of large lizards to climate change.  Apparently global temperatures and carbon dioxide levels were much higher back then, even with human smokestacks and automobiles around.  “We think the warm climate during that period of time allowed the evolution of a large body size and the ability of plant-eating lizards to successfully compete in mammal faunas,” he said (PhysOrg).  Is he proposing reptile size as a function of temperature?  Why, then, were there large dinosaurs in the arctic circle?  Why are lizards smaller today, to first approximation, in hot as well as cold climates?Ant what they used to be:  How’s the ant branch coming along?  Science Daily reported on a new ant family tree that supposedly “Confirms Date of Evolutionary Origin” and “Underscores Importance of Neotropics” in their emergence.  Data from genes and fossils were used to build the largest ancestry diagram for ants.  According to the phylogenists, “the rainforests of the Neotropics are both a museum, protecting many of the oldest ant groups, and also a cradle that continues to generate new species.”  In other words, some evolve and some don’t.  “This ant tree-of-life confirmed an earlier surprising finding that two groups of pale, eyeless, subterranean ants, which are unlike most typical ants, are the earliest living ancestors of the modern ants.”  It would seem easier to lose eyes than to gain them.Planting trees in the fast lane:  “Biologists have known for a long time that some creatures evolve more quickly than others,” begins an article on PhysOrg. “Exactly why isn’t well understood, particularly for plants.”  A new notion is that short plants grow in the “evolutionary fast lane” compared to tall plants.  At the U.S. National Evolutionary Synthesis Center, researchers estimated the average height of 140 families of plants, then plotted them against their assumed date of emergence in the fossil record to conclude (to their surprise) that “shorter plants evolved as much as five times faster than taller ones.”  Why would that be?  They surmised that the tips of small plants generate more mistakes:What puts short plants in the evolutionary fast lane? The researchers suspect the difference may be driven by genetic changes that accumulate in the actively-dividing cells in the tip of the plant shoot as it grows. Cells don’t copy their DNA perfectly each time they divide. In animals, most DNA copy mistakes that occur in the cells of the animal’s body can’t be inherited—they’re evolutionary dead ends. But this isn’t the case for plants, where genetic changes in any part of the plant could potentially get passed on if those cells eventually form flowers or other reproductive organs.For the notion to work, “the rate of cell division and genome copying in taller plants eventually slows down, and changes in DNA—the raw material for evolution—accumulates less quickly.”  Sounds like a hypothesis in need of observation.Does Darwin need his tree?  As reported here May 15, the “tree of life” is a tangled bramble bush, according to an article on Science Daily.  Astrobiology Magazine went further to debunk the notion of a “tree of life” with a last universal common ancestor (LUCA).  But their idea of “digging down below the tree of life” threatens to uproot it:A family tree unites a diverse group of individuals that all carry genetic vestiges from a single common ancestor at the base of the tree. But this organizational structure falls apart if genetic information is a communal resource as opposed to a family possession.The article stressed the significance of horizontal gene transfer,  Nigel Goldenfield (U of Chicago) stated it this way: “Our perspective is that life emerged from a collective state, and so it is not at all obvious that there is one single organism which was ancestral.”  Although this refers to the trunk of the tree, the impact of the new idea flows upward.  “In his work,[Peter]  Gogarten [U of Connecticut] has shown that horizontal gene transfer turns the tree of life into a thick bush of branches that interweave with each other.”  (see also 2/01/07). The new ideas of Carl Woese (1/28/10), Goldenfield and Gogarten are examples of “the evolution of evolution,” the article suggests (see 12/19/07).The group is particularly interested in the question of how the ability to evolve originally developed. The “evolution of evolution” sounds like a chicken-and-egg problem — especially if you think, as Goldenfeld does, that life is by definition something capable of evolving.However, evolution can utilize different mechanisms to achieve the same goal. Goldenfeld’s team will try to recover some of life’s former evolutionary phases by stressing cells and then seeing how their genomes rearrange in response.It appears, then, that to salvage evolutionary theory, astrobiologists must personify evolution (“evolution can utilize different mechanisms“) and dispense with Darwin’s core concept of unguided natural selection (“to achieve the same goal“).Goldenfield, a physicist, tries to see evolution in thermodynamics terms in order to come up with rules of “universal biology.”  However it is viewed, it’s clear that evolutionists have a long way to go.  He said, “We would like to have a better understanding of why life exists at all.”Why does life exist at all?  Because it was created.  It didn’t just happen.  We can say that confidently after showcasing once again the utter bankruptcy of evolutionary theory (10/19/10). Did you catch that the zebrafish has 3,634 unique genes?  What’s the probability of those arising without design?After 154 years of Darwin, evolutionists are not even sure there is a tree of life.  Creationists have the certainty of a life-giving, created tree of life: in the beginning and at the end.  Don’t be fooled by the mystical divination of modern-day shamans who use mumbo-jumbo like “the evolution of evolution” or “the invisible finger of evolution” to keep their fake tree fable going (2/01/07 commentary), who refuse to acknowledge the clear evidence for design, and who keep promising understanding that never comes. (Visited 21 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Crowds continue to gather outside Mandela’s home

first_img6 December 2013South Africans from all walks of life continued to arrive at the corner of 4th and 12th Avenue in Houghton, Johannesburg on Friday to pay their respects to former president Nelson Mandela, who passed away on Thursday night.There were mixed emotions as candles burnt on the pavement lawn outside the late Mandela’s home. The mood was sombre but also celebratory as the crowds sang freedom songs and the national anthem, and people laid down tributes in the form of flowers, photographs, national flags, and decorated personal messages.Madiba died peacefully with his family by his bedside at 8:50 pm on Thursday night, and crowds began gathering outside his home as soon as news of his departure spread, prompting the closure of some streets to motor vehicles.Local resident Andrea, 21, said it was a blessing to have lived in the same neighbourhood as Mandela, adding that he had not just been their neighbour. “He was our grandfather. And the thought of him not being around anymore is a scary one.”Kenosi Machepa, Mandela’s next-door neighbour, said that while she took pride in the fact that she and others lived next to a world icon, it was difficult to claim him as their own. “We can say it has been a privilege to live next door to him,” she said.Globally, meanwhile, as tributes from political, religious and civil society leaders at home and abroad continued to pour in on Friday, Mandela’s passing became a trending topic on social media networks, with millions of people from all over the world celebrating of his life and legacy.And as the country’s flags were lowered to half-mast, Ster-Kinekor theatres announced that they would not be screening Mandela: Long Walk to Freedom for the next 24 hours, Primedia Broadcasting suspended all advertising on its radio stations, and the Johannesburg Stock Exchnage (JSE) suspended trading for 5 minutes at 11am as a mark of respect for Mandela’s passing.“We lost the father of our nation, and join millions of people around the world today in mourning,” Primedia Group CEO Kuben Pillay said in a statement.“Thank you Madiba,” Pillay said. “Thank you for giving up your freedom so that we could have ours, for teaching us grace and humility and showing us a better way. A great light has indeed gone out, and while we celebrate his life and legacy, we are deeply saddened by his passing.”Source: SAnews.gov.zalast_img read more

Wheat ahead of schedule

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The calendar may say that this is just the first few days of spring, but some wheat crops aren’t paying attention to the dates on the page.In some areas in central Ohio, wheat is already at Feekes growth stage 5, which in a typical year doesn’t happen until early April, said Laura Lindsey, a soybean and small grains specialist with Ohio State University Extension.OSU Extension is the outreach arm of the College of Food, Agricultural, and Environmental Sciences at The Ohio State University.The earlier growth stages for some Ohio winter wheat crops is thanks to the warm-up experienced in many areas of the state recently, Lindsey said.Ahead of schedule“Wheat growers can’t look to the calendar date this year to judge their crop’s growth stages simply because it’s been so warm recently,” she said. “We haven’t seen a year like this in recent times, so our recommendation is for growers to go out and check their wheat plants to judge their growth stages.“Wheat in some areas in central and south-central Ohio are already in Feekes growth stage 5, and some wheat crops in northwest Ohio are already at early green-up.” Lindsey said it is important for growers to track the growth stages of their wheat crops because management decisions are made based on the plant’s growth patterns.“Generally, Feekes growth stage 6 occurs in southern Ohio during early April,” she said.“However, with the abnormally warm temperatures, Feekes growth stage 6, which is also known as jointing, may occur weeks sooner. So it’s important that growers go out and stage the wheat now to understand where their crops are in their development to be able to make the right management choices.”Timing nitrogenOne of those management decisions is when to apply nitrogen to wheat, she said.“Wheat needs nitrogen at Feekes growth stage 6, which could be in about a week or two this year,” Lindsey said. “So, for some growers, now maybe the time to apply nitrogen.”To determine if wheat is in Feekes growth stage 6, growers can:• Dig up several clusters of tillers with roots and soil from multiple locations in the field.• Identify and select three to four primary tillers from each cluster – usually the largest tillers with the thickest stem.• Strip away and remove all the lower leaves, which are usually small and yellowish or dead leaves, exposing the base of the stem.• Look for the first node generally between 1 and 2 inches above the base of the stem. This node is usually seen as a slightly swollen area of a slightly different (darker) shade of green than the rest of the stem.A video on identifying Feekes growth stage 6 can also be viewed at youtube.com/watch?v=iukwznx4DPk.last_img read more

Ohio Ag Weather and Forecast — April 18, 2018

first_imgShare Facebook Twitter Google + LinkedIn Pinterest 180418_RyanMartinSun this morning will be followed by increasing clouds this afternoon as low pressure moves into east central IN by early to mid-afternoon. This low will bring moisture back into Ohio later this afternoon and then we see action holding through evening, overnight and into tomorrow morning. Moisture has about 60% coverage, and will be most significant over the northern half to third of the state. Moisture does not look that impressive, still under a quarter of an inch for the most part, although a few locations may push closer to a third. Liquid precipitation is expected through evening but temps fall tonight, meaning after midnight we may be able to see some mixing or change over to light wet snow. We do not expect any problems, and the wet snow will be limited in coverage. Precipitation in generally will mostly be over the northern half of the state and we can see the best wet snow chances tonight and tomorrow morning mostly near the lake. Temps do not look to fall off too far overnight, and that will help keep snow at a pretty low threat.We dry down and see clouds break up tomorrow afternoon and se should see sunshine in full force ahead of sunset. We then keep a dry pattern in our forecast dry for Friday through the weekend and through a good chunk of next week. For us in Ohio, the key day to watch will be Tuesday…mostly in the afternoon. The storm complex that we have been watching continues to fall apart. At this point, we don’t want to take action completely out, because we can see a few scattered showers over about 40% of the state. But, we are talking moisture of a tenth of an inch or less in that 40% coverage zone…which is down significantly from earlier this week. There is a good chance that most of us miss the action Tuesday. If that turns out to be the case, we will have a nice, long dry window emerging, as our next batch of moisture probably holds off until late on Friday night or next Saturday. So, keep your fingers crossed!There is still a good chance of moisture with a strong system around the 28th into the 29th. Moisture totals are not as impressive this morning, but we still are leaving the door open to some rains from .25”-1” over 70% of the state. Then we have an unsettled finish to the 11-16 day forecast window. Models are unsure how to handle moisture, but we do expected at least one more strong front between the 2nd and the 4th. The front likely has some strong to severe weather potential and can bring rains up to 1”. Timing is the main uncertain part to precipitation in early May.Temperatures likely do not get quite as cold as what we saw Monday again. However, we are still projecting a mostly below normal temperature profile through the end of the month. A couple of moderating days will be in there, but generally, we stay cool. Keep in mind, normal temps are rising, rather rapidly this month, as we pointed out before…but still, we do not see any significant above normal warming coming for at least several more weeks.last_img read more

Speculating and hedging

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCRight now many analysts and advisors are suggesting corn and beans are too cheap and prices should rally. This makes sense because U.S. corn prices are the cheapest in the world, which means exports should increase. Elevator managers that I have spoken with indicate that farmers aren’t selling at these values. The counter side to prices having to rally is farmers are sitting on A LOT of stored corn, which could be keeping prices from increasing the next couple of months. CornMany bulls are also saying corn is growing too fast and yields will be negatively impacted. Some are predicting a 178 or lower average national yield, at which prices should rally. The counterpoint to this is weather has been widely and consistently very good. Arguably it’s the best growing conditions ever for the largest portion of the Corn Belt at one time. Hot temperatures have been balanced with timely rains, and for every low-lying acre hit with too much rain there are probably many hillside acres benefiting. Estimates indicate only around 10% of the Corn Belt is suffering from prolonged drought conditions. Most of which are in the fringe growing areas. The market probably has a 180 yield plugged in today. If yields were higher because of very good growing condition then future prices will likely trade lower than current prices. BeansThere’s been no change in tariff discussions, so no real change in prices. If trade issues were resolved, bean prices should rally significantly and likely pull corn prices higher. Without any tariff changes, I expect prices to remain the same until harvest. It’s very difficult to peg when this issue will be behind us. Spec account vs. hedge accountI continue to see farmers speculating that the market has hit its low for the year. Some are buying back their hedges hoping to bank some profits and waiting for future rallies to sell their grain again.While this may be the correct decision, it is definitely not a guarantee. Generally I discourage speculative trades in hedge accounts for several reasons.Speculating complicates record keeping. I’m a big advocate for keeping detailed notes on the rationale for each trade I make. When farmers start adding in something they bought back and resold, it’s difficult to determine if the trade was speculative or a hedge. It’s difficult to remember if the profits or losses are included in the price that you get for the grain you sold.It’s difficult to determine if you were a good or bad speculator with only one account. I usually recommend farmers speculate in a separate account from their hedge account. That way when the brokerage company sends their year-end statements outlining all profits and losses it is easy to determine how well one did speculating. By keeping it separate, it keeps farmers honest with themselves.Banks usually can’t use spec accounts for asset management. I will start by saying that not all banks are the same but what I have found to be a common theme among most are that banks aren’t fans of speculative trades in hedge accounts because they aren’t fans of gambling. If grain is sold at in a hedge account and the asset (i.e. grain) is stored in a bin or still in the field, they can use the hedge account as an asset. Since speculating has no relationship to production or storage of grain, it could be a liability, not an asset. I’ve worked with banks to help them identify speculative trading verses hedge trades in farmer accounts. Once a farmer abuses a bank’s trust of a hedge account, it hurts not only their relationship with that bank, but it also hurts all of us that use our hedge accounts correctly. I need my banker to trust my hedging program and continue to work with me to keep it fully funded during times of margin call, so it’s important for me to never damage that relationship by gambling or speculating.It’s not that hard to open a spec account. Plus, it allows farmers to only fund the amount of money they are willing to lose, without negatively affecting their farm operation’s main profit center.It’s often easy for farmers to justify speculating. Some do it because they fear missing out on a rally. Others think they know what the market will do. Usually a farmer speculates that prices are going to rise. As a farmer I definitely understand the fear of missing out on a rally, but speculating is not the answer to those fears. Instead, I encourage farmers to consider an alternative perspective. I like to keep mind that I ALWAYS have next year’s crop to sell too. I suspect few farmers have any 2019 grain sold right now. Any upcoming rally will also increase next year’s prices, so farmers can always take advantage of future rallies, it just may require changing the crop year that gets sold first at higher values.I don’t want to try and speculate on when the bottom is coming for either corn or beans. There are many compelling reasons why the market could go in either direction, because there are a lot of unknowns. Yields are a complete mystery and likely the biggest factor for prices. If I was certain the market was going down, I’d sell more, but I just don’t know. I didn’t expect prices to go below $3.80, yet here we are. If the yield is hurt by high temperatures then low yields would result in the market trading back above $4. I’m not entirely convinced the weather has been all that bad this summer. So I continue to wait and look for some kind of opportunity for the corn crop. I’m behind in sales from where I would like to be at this point in the marketing year. I don’t need to speculate further by buying the few sales I have in place back.No one knows how long the unresolved tariff issues will last or how much of an impact it will have on prices in the short term or even long term. I have heard arguments for both sides and I come to the conclusion that nobody really knows. While the tariff issue certainly doesn’t help bean prices a huge supply this year would not help either. I have 100% of my beans sold and I’m going to continue to keep that position in place. 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