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first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake Grateful Dudes perform bluegrass music, 7:30-10:30 p.m. every Saturday at Vincenzo’s, 24504 Lyons Ave., Newhall. Call (661) 259-6733. To submit an event for the Things To Do calendar, contact Sharon Cotal two weeks prior to the event at (661) 257-5256, fax her at (661) 257-5262, e-mail her at sharon.cotal@dailynews.com or write to her at 24800 Avenue Rockefeller, Valencia, CA 91355. “A Christmas Carol” will be presented, 6:30 p.m. today at the Canyon Theatre Guild, 24242 San Fernando Road, Newhall. Tickets: $13-$17 for adults and $10-$13 for students and seniors. Call (661) 799-2702. “The Farndale Avenue Housing Estate Townswomen’s Guild Dramatic Society’s Production of A Christmas Carol” will be presented 2 p.m. today, and 8 p.m. Friday at the Repertory East Playhouse, 24266 San Fernando Road, Newhall. Tickets: $16 for adults and $14 for students and seniors. Call (661) 288-0000. Backpages will perform classic rock, 10 a.m.-2 p.m. today at the Santa Clarita Open Air Market at Saugus Speedway, 22500 Soledad Canyon Road, Saugus. Admission: $1.50 for adults, children 11 and under are free. Call (661) 259-3886. Family Nature Walk, 11 a.m.-noon, and an animal presentation, 1-2 p.m., every Saturday at Placerita Canyon Park and Nature Center, 19152 Placerita Canyon Road, Newhall. Call (661) 259-7721. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!,“A Christmas Carol” will be presented, 6:30 p.m. today at the Canyon Theatre Guild, 24242 San Fernando Road, Newhall. Tickets: $13-$17 for adults and $10-$13 for students and seniors. Call (661) 799-2702. “The Farndale Avenue Housing Estate Townswomen’s Guild Dramatic Society’s Production of A Christmas Carol” will be presented 2 p.m. today, and 8 p.m. Friday at the Repertory East Playhouse, 24266 San Fernando Road, Newhall. Tickets: $16 for adults and $14 for students and seniors. Call (661) 288-0000. Backpages will perform classic rock, 10 a.m.-2 p.m. today at the Santa Clarita Open Air Market at Saugus Speedway, 22500 Soledad Canyon Road, Saugus. Admission: $1.50 for adults, children 11 and under are free. Call (661) 259-3886. Family Nature Walk, 11 a.m.-noon, and an animal presentation, 1-2 p.m., every Saturday at Placerita Canyon Park and Nature Center, 19152 Placerita Canyon Road, Newhall. Call (661) 259-7721. Grateful Dudes perform bluegrass music, 7:30-10:30 p.m. every Saturday at Vincenzo’s, 24504 Lyons Ave., Newhall. Call (661) 259-6733. To submit an event for the Things To Do calendar, contact Sharon Cotal two weeks prior to the event at (661) 257-5256, fax her at (661) 257-5262, e-mail her at sharon.cotal@dailynews.com or write to her at 24800 Avenue Rockefeller, Valencia, CA 91355. last_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Another wild week for the markets. Is it irrational exuberance?Soybeans continue to show strength in the futures market.  Following are some reasons for the continued rally:Fear of lost/reduced bushels in ArgentinaMore potential for U.S. exports to fill China’s increased demandDecrease in the dollar’s valueLimited coverage by end users on soybean meal caused a panic to cover shorts in the marketFunds switched positions during the last two months to sizable long positionsSummer weather uncertainty may cause those short futures to exit positions until later in growing yearThe market may still be worried that corn acres are trying to be bought back at the last minuteBean’s technical “picture” still looks positive.In my opinion, some of these reasons why we could be at a near term top:Argentina’s “loss of bushes” represents only 2% of the world’s production or 10% of world projected carryoutIt’s uncertain that soybean meal end users will continue to be strong buyers in the long-term if weather looks favorableEven if funds that are long decide to reduce risk and sell, who is going to step up and buy?While futures increased during this rally, basis decreased at the processors signaling they don’t need beansThe May-Jul soybean spread is wide, suggesting the market wants beans storedFundamentally, the market may be near the topIn 2012 beans rallied $1.50 from March 1st  to May 1st, but then lost $1.50 from May 1stto June 1st. Ultimately beans rallied $3.50 after mid-June but only once summer weather was determined.Generally it is expected to be a warmer summer than normal, but precipitation may be above average too.  Many are saying it is a flip of the coin, making marketing difficult.CornThere has been some concern about Brazils safrina (or second) corn crop not getting enough rain.  While this may be an issue, it’s important to remember that Brazil only produces about 10% of the world corn crop and this second crop is half of their entire production.  The problem area might only represent 5% of Brazil’s total production.  Which would be less than 1% of the world production.Corn basis fell dramatically at ethanol plants across the country signifying this rally may be a bit overdone.  However the Gulf basis, which is an indication of export demand, has held strong. The May/July spread narrowed as the delivery process started.  This may indicate either exporters are short and trying to cover, or this rally is indeed warranted.Planting progress is good and most of the Corn Belt will be planted next week. This early planting may offset later weather issues, but it is still too early to tell.MacrosManaged money funds have been throwing a lot of cash at commodities.  This has caused a surge in prices that make fundamental traders scratch their heads. These funds have more money and can outlast everyone else when it comes to trading positions that might not make sense to others.  Could we go higher? Absolutely. Could the funds suddenly switch their positions and erase all the gains of the previous two months? Certainly.Market ActionFollowing provides details on recent trades including strategy and rationale.  A common theme throughout the trades is keeping my marketing strategy flexible with consideration to market volatility, decreasing risk as much as possible and taking advantage of opportunities for premiums in the market.  As always, I may not always hit the top, but I don’t want to be forced to take the bottom of the market.1) Bean FuturesTwo weeks ago an order I placed to sell Nov futures at $10 was hit.  80% of my 2016 production is now priced at a $9.50 average.2) Bean OptionsOn 12/18/15, when May beans were $8.80, I was concerned that the expected large South American bean crop combined with the large U.S. harvest could drive bean prices lower.  So, I wanted to minimize my downside risk while maximizing upside potential. Trade details:Bought an $8.80 putSold an $8.20 put (to pay the premium of the $8.80 put)Sold a $9.20 call (to pay the premium of the $8.80 put)This trade provided – 60 cents downside protection with 40 cents of upside potentialOutcome: on 4/22/16 when the May options expired I was required to take the $9.20 May sale because May futures were above $9.20 ($10.20).3) Bean SpreadWith all my old crop sold, I had to apply this $9.20 sale in #2 Bean option trade above to new crop.  Since my short was in May futures (which I had to be out of today) I bought my short position back in the May futures and sold July futures at the same time, receiving a 10 cent carry (or premium).  Now my sale is currently valued at $9.30 against July.  Right now there is a 20 cent inverse (decrease) from July to Nov, which increases my risk of taking a loss yet on this trade.  However, usually beans will adjust to a carry position closer to the delivery period when we have huge carryout like we have in the market currently, so I’m going to wait it out.  I think the risk is manageable and I’m comfortable with what I know today.  This makes me 100% priced on my 2016 production at a $9.45 average.4) Corn OptionOn 12/10/15 I sold a $4.00 May corn call for 10 cents.  On 4/22/16 the price of corn was below $4 ($3.71), which means this option was not executed and I keep the premium (10 cents).Earlier last week I sold a $4 Sep corn call for 20 cents.  I wanted to keep my options position the same and continue to sell strike prices that I believed were good sales in the past.  What does this mean?If corn is below $4 on 8/26 then I keep the premium and move onIf we are above $4 on 8/26, then I have sold at $4, but also keep the two call premiums 10 cents and 20 cents (i.e. $4.30 against Sep futures)There is some risk in the Sep/Dec corn spread, but usually the Sep/Dec spread eventually trades at a carry when harvest begins (meaning an additional 10 cents potentially).  I acknowledge my risk and am willing to except it on a limited amount of bushels.5) Corn OptionOn 2/19/16 I sold a $3.70 May corn call for 10 cents. Corn closed above $3.70 on 4/22/16 ($3.71), so I now have a short May future at $3.70.  However, I still get to keep the 10 cents premium from this trade (and an 8 cents premium from a previous trade that expired on 2/19/16).  This trade is now worth $3.88 against the May futures.6) Corn SpreadI had to roll this May corn short from #5 option forward. I chose July because the spread beyond was not wide enough given the large carryout of corn left in the US.  So again I bought my May futures back and sold July collecting 5 cents carry.  Now my $3.88 trade is worth $3.93 against the July futures.  Again, I have risk in the spread between July and Dec, but I’m comfortable based upon the information I have today.My marketing strategy has always been to keep my choices open and take advantage of opportunities as they become available.  The market can go up, down or sideways.33% of my crop is sold against futures that provide floor protection (if the market goes lower)33% of my crop is tied up with option sales (these work best in sideways markets)33% of my crop is unpriced, allowing for upside potential if the market ralliesI want the market to go up, but I’m protected in case it doesn’t. 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

first_imgA live bullet was found in the baggage of an army jawan at the Srinagar International Airport on Tuesday, after which he was detained, a security official said.The soldier Pandia Raj, who was proceeding to Delhi on leave, was handed over to the army for further investigation, the official said.Prima facie, it seems that the bullet was left behind in the bag “by mistake”, the official added.This is the second incident of an army soldier caught at the airport with live ammunition.On Monday a jawan was arrested after two hand grenades and other ammunition were found in his baggage during the security screening.He had claimed that the grenades had been given to him by a “superior official” for transporting these to Delhi.last_img read more

first_imgThe BJP is raising the issue of abrogation of certain provisions of Article 370 in the run up to the Jharkhand Assembly polls as a “ploy” to divert people’s attention from “monumental failures” of the Raghubar Das Government, JMM working president Hemant Soren alleged on Sunday. The former Jharkhand Chief Minister’s sharp attack comes days after Prime Minister Narendra Modi and BJP president Amit Shah referred to Article 370 while listing the achievements of the NDA 2.0 government in their public addresses in the poll-bound State.Mr. Soren said the Jharkhand Mukti Morcha (JMM) will raise people’s issues in the campaign and promised that if voted to power, his Government will ensure 75% reservation for the youth of Jharkhand in private jobs. In an interview to PTI, he said if JMM forms the government, it will ensure five lakh jobs within one year, unemployment allowance to those who are jobless, reserve government tender up to ₹25 crore for people from the State, implement 50% reservation for women in jobs and 27% reservation for Other Backward Classes (OBCs). Asked about the BJP raising the Article 370 issue in Jammu and Kashmir, Mr. Soren said a government which fails to address economic and social crises and key issues that affect everyday lives of citizens, resorts to “creating sharp polarisation in the society”.“Lightning doesn’t strike a place twice and similarly the BJP cannot fool the people all the time. Raising the issue of Article 370 during state assembly polls campaign is nothing but the BJP’s ploy to divert people’s attention from its monumental failures in governance in Jharkhand,” he said. Prime Minister Narendra Modi might have been successful in securing an NDA victory based on the post-Pulwama and Balakot nationalistic fervour, but the people of Jharkhand have had enough of this “apathetic” state government and are waiting to throw it out in the upcoming assembly polls, he claimed. Mr. Soren said his party’s sole aim is to free Jharkhand’s 3.5 crore people from the “insensitive” BJP government. “For this purpose, we are willing to coordinate with all like minded parties to collectively fight the BJP and its divisive policies. JMM was instrumental in the fight to achieve Jharkhand as a separate state, and if necessary, will again engage in the struggle to ensure Jharkhand shines bright on the nation’s map,” he said “The entire Opposition has already had a meeting and once I get over with the ongoing ‘Badlav Yatra’, I will sit again with all party leaders,” he added. JMM, Congress, Jharkhand Vikas Morcha (Prajatantrik) and Rashtriya Janata Dal had contested the Lok Sabha polls in alliance earlier this year, but managed to win just two out of the 14 seats. He said conversations are ongoing to firm up the Opposition alliance and there was still time to finalise its shape. Mr. Soren, who has been touring the State as part of his ‘Badlav Yatra’ and connecting with the masses, claimed there was a lot of anger among the people of the state as the Raghubar Das Government had failed to meet their aspirations.“Farmers and farm labourers have committed suicide, families have been destroyed, anganwadi workers are on an indefinite fast, para teachers were on a statewide strike and the police brutally lathi charged them as if they were deadly criminals, youth not getting jobs are ending their lives and the state government is giving government jobs to people from outside Jharkhand,” he alleged.last_img read more

first_img Categories: Berman News State Rep. Ryan Berman of Commerce Township invites constituents of the 39th District to his upcoming July office hours.“We have been working on a number of important issues in Lansing recently and I would like to hear your feedback,” Rep. Berman said. “I look forward to discussing these topics and answering any questions you may have.”Rep. Berman will meet with residents on Thursday, July 11 at the following time and location:5:30 to 7 p.m. at Commerce Township Community Library, 180 E. Commerce Road in Commerce.No appointments are necessary to attend office hours. Those unable to attend may contact Rep. Berman’s office at (517) 373-1799 or RyanBerman@house.mi.gov. 09Jul Rep. Berman announces July office hourslast_img read more

first_imgFrank GiersbergPay TV is booming in Germany with subscriptions up by almost 10% in 2014, according to new research by German broadcast body VPRT.The Association of Commercial Broadcasters and Audiovisual Services in Germany (VPRT) said that pay TV subscriber numbers reached 7 million in the country and 7.7 million across the entire German-speaking area.The ‘Pay TV in Germany 2015’ report predicted further growth in the market this year, with pay TV penetration tipped to reach over 20% of all households for the first time.Revenue from pay TV and pay video-on-demand was also up, climbing roughly 8% in Germany from €2.05 billion in 2013 to €2.22 billion in 2014, and reaching €2.4 billion across the German-speaking territories.VPRT predicted a further 7% revenue increase this year to just under €2.4 billion in Germany and approximately €2.6 billion in the German-speaking countries.“The pay TV boom is continuing. Pay TV remains the fastest-growing TV segment, both in Germany and across the entire German-speaking area,” said Frank Giersberg, member of the board of directors, responsible for market and business development at VPRT.“Over the next few years, we anticipate sustained momentum in the pay TV and pay VOD segment. At the same time, we also see further growth in the sector of TV and video advertising, a trend from which both free-TV and pay TV providers will benefit.”last_img read more