Sharks lose sixth straight, as Rangers spoil Bob Boughner’s debut as interim coach

first_imgCLICK HERE if you are having a problem viewing the photos on a mobile deviceSAN JOSE — Not even the wake-up call that comes with a coaching change was enough to end the Sharks’ losing streak on Thursday night.The Sharks allowed two third period goals to Mika Zibanejad and two more to Artemi Panarin as the New York Rangers came back to earn a 6-3 win at SAP Center and spoil Bob Boughner’s debut as interim coach.Zibanejad’s goals came at the 8:49 and 13:10 marks of the third period, and …last_img

Is there room for a rally?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCAfter 3 weeks of declining futures levels, beans rallied 20 cents last week. Plus, China announced they will remove some soybean tariffs, which would help prices if purchases follow. Since farmers haven’t been selling much due to low future values, basis continues to get stronger. My local processor increased bids another 5 cents, totaling 35 cents since the end of October.Some are suggesting the slow harvest pace may be bullish. However, looking back, this year’s harvest is only 1% behind last year’s pace at this point, and only 3% behind the last 5 year’s average. Even if 1% is never harvested, that only represents 44 million lost bushels, or approximately 10% of the expected carryout. With the projected carryout likely being the second highest on record, it’s too early to know if prices would improve. If export pace slows, this possible reduction may not matter.Over the last 3 weeks corn has closed within a tight 6 cent trading range ($3.76 to $3.82 on March futures) for all but one night. While the U.S. is competitively priced with Brazilian corn, competition from Ukraine is keeping the corn market in check. Because farmers don’t seem to sell at these low values prices seem stuck.Harvest pace is slow, but it’s within 10% of the 5-year average. That means there’s likely 1.4 billion bushels still in the fields. It seems reasonable that half those bushels should get harvested before winter sets in. The other 700 million bushels, that may not get harvested until spring, could have some yield loss.Reports dating back 20 years show heavy snow can reduce yields by at least 50%. However, I’ve talked to farmers who have left corn standing until spring that say they lost less than 5% in most years. Both outcomes seem extreme, so I think a 10% to 25% yield loss estimate is realistic, or 70 to 175 million lost bushels. Its unlikely prices would be affected much by 70 million bushels, but 175 million could have some impact. However, any extreme rally would likely reduce export sales, so yield loss effects on prices may be minor.In any event, the potential loss from grain still in fields isn’t bearish, but it’s not necessarily overly bullish either. Market actionLast week I still had 20% of my 2019 production priced against December futures. Since Dec futures are going to expire, I needed to move those sales forward to March futures and capture market carry. On 11/25/19 I bought back the Dec sales and immediately sold March futures for 10.5 cents higher than what I bought the Dec futures back at. The value of the futures in the trade doesn’t matter, only the difference between the two futures.My sold December futures had an average price of $3.925 when all option premium and past rolling profits were added in. By “rolling the sales” to March for another 10.5 cents (i.e. market carry), my trade now has a value of $4.03 against March futures. Won’t the hedge account show a sale at current futures levels instead of the $4.03?While the hedge account will have sales that do not look appealing, this is the strategy used for capturing carry. If I don’t make the sale at the same time that I buy back the previous sales, I cross the line from being a hedger to a speculator instantly. I understand that farmers are hesitant to do this kind of trading. For some it’s confusing because the hedge account won’t reflect what the actual position prices are in their account. It requires lots of book keeping to know exactly where I’m at with sales and many farmers don’t want more book work. However, for me the added premium I receive for very little added risk is worth the minor work. It helps me sell at profitable levels during sideways markets. I’m not alone in doing this marketing strategy, as almost all of the large grain handling companies make much of their income doing this exact type of trade. Why not wait to sell March futures once prices are higher?By immediately selling March futures I am a hedger without added risk. Waiting for higher prices is speculative and risky because the market doesn’t always rally, and the farmer could eventually be worse off. Why risk waiting when there is a guaranteed 10.5 cents on the table right now? There is no guarantee that prices will rally or that a farmer will even sell when the opportunity presents itself. But what about last year? If farmers would have waited they would have made more.True, but the widespread planting delays of last year had never happened before. Record and unexpected events are extremely hard to plan for, so waiting for rallies is risky. Prior to last spring, the market was sideways at unprofitable levels for over 8 months. And even when prices rallied last spring, farmers thought prices would go even higher. Many farmers waited to sell and missed out on all of the rally and still have nothing sold.Sitting on unpriced corn from a sale that I buy back and waiting for rallies in the future places a lot of risk on my operation. Not only would I have to worry about selling this year’s grain, but I always have next years to sell too. Why only roll to March?I intend to core my bin centers in the next several months and these trades could be used for that course of action. I could still roll it to May or July eventually if the market conditions make sense. I might have been better off rolling the sale further forward in time now, but I won’t know that until the end of February. With the information I had today I felt this was the best futures contract to use to hold my sales. Doesn’t it cost to “roll” your futures forward?Yes, it costs about 1 cent in commissions each time I roll. For me, 1 cent is a small price to pay for the flexibility and profit potential this grain marketing strategy provides me. I’m also going to wait and see what kind of basis appreciation the market provides me during this time as well.There are so many advantages for farmers to take advantage of market carry profits. For me, the extra time and book work is worth the added profit potential I receive for little added risk to my farm operation. Please email [email protected] with any questions or to learn more. 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.last_img read more

10 months agoInter Milan chief Ausilio: Mourinho always has our esteem

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Inter Milan chief Ausilio: Mourinho always has our esteemby Paul Vegas10 months agoSend to a friendShare the loveInter Milan chief Piero Ausilio says Jose Mourinho will always have a place of honour at the club.However, he insists coach Luciano Spalletti’s job is safe after Manchester United sacked Mourinho yesteday.Ausilio said: “We are connected to the results, the esteem for him is regardless of the future of Inter, which has a great coach… “Let’s move on with Spalletti, we are building the future with him.”Mourinho led Inter to an historic Treble in 2010. last_img

10 months agoNewcastle targeting Eintracht Frankfurt defender Jetro Willems

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Newcastle targeting Eintracht Frankfurt defender Jetro Willemsby Paul Vegas10 months agoSend to a friendShare the loveNewcastle United are targeting Eintracht Frankfurt defender Jetro Willems.The Daily Mail says Rafa Benitez is keen to bolster his defensive options in January and in particular the left-back position. Holland international Willems has been identified as a transfer target and the club are planning to make a move for him in next month’s window.However, the Magpies are facing competition for the full back with Roma also interested in the 24-year-old. The Italian club are also interested in Crystal Palace star Patrick van Aanholt as they search for a new left back. last_img

North American markets closed for holidays reopen Tuesday after positive week

first_imgTORONTO – Major North American markets were closed for a holiday after a positive week that saw Bay and Wall Street’s major markets make gains following a tumultuous period earlier this month.The Toronto stock market was closed for a provincial holiday, while south of the border U.S. stock markets were closed for Presidents Day.Both re-open Tuesday after a strong week that saw the Toronto Stock Exchange’s S&P/TSX composite index rise nearly three per cent since closing on Friday, Feb. 9.In New York last week, the Dow Jones industrial average and S&P 500 index gained more than four per cent, while the Nasdaq composite index advanced more than five per cent.On international money markets Monday, the Canadian dollar was at 80 cents US, according to the Bank of Canada’s website. On Friday, its average trading value was 79.74 cents US.On commodities markets, April crude contracts were up 82 cents at US$62.37 per barrel, April gold was down US$7.30 at US$1,348.90 per ounce, March natural gas was up about a penny at roughly US$2.57 per mmBTU, and March copper was down four cents at roughly US$3.21 per pound shortly after 4 p.m. ET.last_img read more

New natural gas producer members back 3million gas clean tech program

first_imgCALGARY — An industry-sponsored fund designed to help develop clean technology using Canadian natural gas is launching a $3-million call for project proposals.The Natural Gas Innovation Fund says the call for applications, with a February deadline, is being made possible by the addition of seven western Canadian natural gas producers to a membership previously made up of six natural gas utilities.The new members include the Canadian branches of two partners in the proposed $40-billion West Coast LNG Canada project: Royal Dutch Shell and Petronas; along with Canada’s largest natural gas producer, Calgary-based Canadian Natural Resources Ltd.Fund managing director John Adams says the new program will target projects in the upstream or producing part of the industry, making up to $1 million available per project to cover as much as 25 per cent of its eligible expenses.Adams says the fund, created by the Canadian Gas Association, has over the past two years issued about $9 million to projects focused on energy efficiency.The fund is also announcing a partnership with federal, Alberta and British Columbia governments to collaborate and consider co-funding successful applicants with projects that deliver significant greenhouse gas emission reductions.The upstream fund members were introduced at an event at the Calgary Petroleum Club on Wednesday.“As a producer of natural gas, we’re big believers in the need for affordable, clean energy for all people worldwide,” said CEO Mark Fitzgerald of Petronas Energy Canada Ltd. in a statement.“In an age where technology has become the catalyst for exponential advancements in our industry, we’re excited to be involved in the Natural Gas Innovation Fund which pursues diversity of thought and provides a platform for sharing solutions.” Companies in this article: (TSX:CNQ)The Canadian Presslast_img read more

Man held with Rs 30 lakh in laptop bag at Esplanade

first_imgKolkata: A huge amount of money has been recovered from Kolkata on Monday evening. The person who was carrying the money, identified as Koushik Nath, was arrested.According to sources, before the 5th phase of the Lok Sabha elections, the special branch of Kolkata Police was alerted that antisocial elements may cross Ganga using ferry services and roads to reach Kolkata, after before and on the day of the poll. Based on the alert, senior officials of Kolkata Police had decided to keep a close watch on the Howrah-Kolkata bordering areas. As a precautionary measure, a good number of police personnel were deployed to keep a strict vigil on the ferry ghats and other places, using which antisocial elements could have gone out from Kolkata and come from Howrah. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaDuring the special naka-checking, many persons were intercepted and questioned. Special teams comprising plain clothed police personnel also patrolled the areas to locate any suspicious movement. While doing so on Monday evening, a team from Hare Street police station noticed a person standing at the Esplanade bus terminus with a laptop bag, which seemed suspicious as it looked overstuffed. When some police personnel asked him to stop, Nath reportedly did not respond to their calls and behaved as if he did not hear anything. Also Read – Bengal civic volunteer dies in road mishap on national highwayWhen Nath did not stop walking despite repeated calls, some police personnel went to him and asked him to show the contents of his bag. He refused and when police personnel tried to get hold of his bag, Nath allegedly tried to flee from the spot with his bag. However, as he was surrounded by the sleuths from Hare Street police station, he was trapped and was detained immediately. During a subsequent search of his laptop bag, sleuths found bundles of Rs 500 and Rs 2,000 notes. Wasting no time, Nath was taken to the police station. After counting the bundles, sleuths found that he was carrying Rs 30 lakh. Nath was interrogated about the source of the money and to whom he was about to deliver it. Sources informed that the accused had stated that he was from Burdwan and he was to deliver the money somewhere in East Midnapore. As the 6th phase of the Lok Sabha elections is scheduled to take place there on May 12, it is suspected that the money was supplied to use illegally during the election. He has been arrested and the information of recovery of money has been passed on to the Income Tax department and Election Commission for further action.last_img read more

Womens volleyball Buckeyes see familiar face in first round of NCAA tournament

Freshman defensive specialist Camry Halm (14) celebrates after a point during a match against Wisconsin at St. John Arena on Nov. 2. Credit: Jenna Leinasars | Assistant News DirectorThe Ohio State women’s volleyball team is off to Manhattan, Kansas, for the first round of the NCAA tournament, and its first opponent is the same team that handed the Buckeyes an early preseason defeat.At 6 p.m. on Friday, OSU and the Missouri State Bears will face off for the second time this year — but this time around, the stakes are much higher. One team will keep its dreams of a national championship alive, while the other will leave empty handed. On Sept. 9, it was the Bears who locked down the tight, five-set win in front of a home crowd and gave OSU its second loss on the season. The Buckeyes finished off their regular season with two consecutive wins, while Missouri State split 1-1 with a win over Illinois State and a loss to Wichita State.OSU coach Geoff Carlston said the match against Missouri State will be the culmination of all the work his team has put in thus far. “This is where all the days in the gym and all the stresses and all of the good memories, all of those things you keep in your backpack — you use them now,” he said. The Buckeyes have made numerous changes since their last encounter with the Bears, and the team is hopeful the new strategies will pay off. “We’ve definitely improved our offense, and I think throughout the season, we’ve run a lot of defensive systems and offensive systems,” said junior outside hitter Luisa Schirmer. “I think this versatility allows us to change and adapt in situations where they might be beating us in one area.” Sophomore setter Taylor Hughes added that OSU has stopped relying on one or two of its hitters, which has  diversified offensive options. Hughes has also seen more attacking opportunities with the increased role of fellow setter, senior Abby Fesl. Hughes joined senior middle blocker Taylor Sandbothe on Tuesday on the Big Ten’s All-Conference teams; Sandbothe received first team and Hughes earned honorable mention. A goal the team set at the beginning of the season was to advance to the Final Four match of the tournament, which will be played at Nationwide Arena in Columbus this year. But if you ask them about that target right now, it’s the furthest thing from their minds. “We’re not talking about it. (We’re) focusing on one game at a time and that’s Missouri State coming up next,” said Hughes. With tournament play soon to be in full swing, every team will be fighting for their existence. One loss and it’s game over for the season. Carlston said the Buckeyes have been preparing for this pressure long before the tournament brackets were even released. “We’ve had practice and we’ve talked a lot about sense of urgency and treating every match we’ve played for the past three or four weeks as if it is our last,” he said. For Schirmer, she’s acknowledging the gravity that Friday will bring, but said playing with high risks comes with the territory of playing the sport.“Especially now, it’s like any day could be your last day, and I think that’s scary but at the same time that’s really cool because we’re fighting for our lives,” she said. “That’s what makes playing volleyball so exciting.” The first serve between the Bears and the Buckeyes is set for 6 p.m. on Friday in Manhattan and can be viewed on ESPN3. read more

Ohio State mens lacrosse putting undefeated mark to the test against Penn

Coming off a dominating 18-8 win against first-year program Marquette, the No. 13 Ohio State men’s lacrosse team takes its unbeaten streak into Happy Valley on Saturday at 1 p.m. to take on the No. 8 Penn State Nittany Lions. At 3-0, the Buckeyes hope to keep up the success that they have found early in the year. Freshman attacker Carter Brown and sophomore midfielder Jesse King recorded a combined 13 points against the Golden Eagles and sparked OSU’s offense which had been stagnant the week before against Jacksonville in a 9-6 win. For his four goals and three assists, Brown was named the Eastern College Athletic Conference Rookie of the Week. The freshman, though, saw the improvement of the team as a whole, not just his individual statistics. “Our offense was clicking in the second quarter especially,” Brown said. “We were just making the easy play and I just got some easy goals.” King, too, said he felt the team improved on offense after a tough week of practice. “Honestly, this week we worked out a lot on working the ball on the outside,” King said. “Our chemistry is coming together, and this week it just clicked.” But the Buckeyes will likely have a tougher challenge this week against Penn State in State College, Pa. The Nittany Lions have already defeated No. 10 Denver on the year and took No. 2 Notre Dame to overtime in their only loss of the season. Last year, Penn State handed OSU its second loss of the season in a 5-2 victory March 3 at Ohio Stadium. In spite of a schedule featuring five games against top-11 opponents in March, some members of the team are staying positive. OSU coach Nick Myers sees how far his players have come so far this year, but understands there are improvements to be made. “We’ve got a lot of work to continue to do,” Myers said. “It’s February … We’re not the team that we wanted to be yet, but we’re taking steps in the right direction.” The game could also be a potential precursor for what is to come, with reports swirling that a Big Ten conference for lacrosse could be on the horizon. “There’s been some positive conversation,” Myers said about the potential new conference. “This Penn State-Ohio State rivalry has been special for years now. I think that will only get more traction if the Big Ten conference continues to move in the right direction.” King, who was a part of the team that lost to Penn State in Columbus last year, is excited to get another shot at the Nittany Lions. “I’m excited, they’re going to be a great game,” King said. “It’s always fun playing against Penn State.” read more