Share Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCCorn continued to trade sideways, closing within a tight 5-cent range for the fourth week in a row.This week the USDA will release the long-awaited final 2018 yield results as well as the supply and demand report. I’m expecting a corn yield decrease and slight increase in demand. Hopefully, if this happens corn will start to inch higher.The Dec corn/Nov bean ratio moved slightly in favor of planting beans. If the U.S. and China don’t iron out a new trade detail encouraging more Chinese bean imports soon, bean prices may be in trouble down the road.Brazil’s bean crop conditions continue to slide backwards which is slightly supportive but without a growing problem in Argentina it won’t matter. This is because last year’s drought in Argentina produced much less than was forecasted. If Argentina produces a normal crop this year it will be 40% larger than last year and offset any loss of yield in Brazil. Tell your friends and neighbors to stop using free DPFebruary is when free storage from free DP (deferred pricing) opportunities start being advertised across much of the Corn Belt. Deferred pricing is when a farmer can sign over their grain to an end user and wait to price the grain until a later date. On the surface, DP seems like a win-win for farmers and end users. DP is a great way for an end user to get a supply of grain during the winter. While, farmers can move their grain now when they aren’t busy and price later during a potential rally.However, DP actually ends up hurting all farmers (those using it and those that do not). Why? When end users extend this program, it’s usually because they are having difficulty procuring enough grain to meet their needs. Typically, DP offerings spur a rush of quick ship grain. Offering DP helps the end user get through a month or two of difficult origination. But this ultimately hurts the bids end users should be willing to pay for grain right now. Why would end users push their market bids up when they are getting plenty of grain delivered? In other words, DP keeps prices artificially lower than they should be.This suppression in basis value could be 10 cents or more. This means farmers raising 175 bushels per acre could being losing $17.50 per acre of profit for this “free offer” whether they participate or not. I’ve read how farmers want to limit dicamba use during certain times of the year because their neighbors could affect their yields. So I’m amazed farmers aren’t getting more upset when their neighbors use free DP, because it hurts their wallet directly.Some farmers argue that with DP they don’t have to worry about the condition of grain in their bin or when they are going to move it. Plus, they get the flexibility of being able to selling at potentially better prices down the road. Again, this seems good on the surface; however, now the farmer is committed to the end user they delivered to and the prices that end user offers. Nearby bids for grain then tend to run at lower values versus the forward bids. This “discounted” price is another cost for that “free” DP.Another problem with “free” DP is when the average farmer places a sale order on their DP grain, it is usually for a cash price sale. End users now know where nearby farmers are willing to sell, because they can see all of the farmers’ orders they have stored for them in DP. If many farmers pick the same price point to sell their grain, the end users can then fade their basis number back leading up to a potential large pricing point. While that basis fade may only be 2to 5 cents, that “free” DP just cost a farmer another $1,000 to $2,500 (on 50,000 bushels) or $3 to $10 per acre.It only takes about 20% of farmers in an area to commit 50% of their production to “free DP” for end users to procure about a month’s worth of needed production. This can bridge end users until the next round of farmer selling right before planting season and suppress prices for all farmers locally who need higher prices to be profitable.In grain marketing nothing is ever “free.” There are always hidden costs, and for “free DP” the hidden costs hurt ALL farmers, not just the ones that participate.So encourage your neighbors to not use free DP. Tell them the common nicknames for farmers using DP….like Dumb Producers or Delaying Problems. Tell them that end users see it as a way to Double Profits. Explain how DP users help to suppress prices for all farmers. Or tell them how they are now locked into using an end user who knows what many local farmers are willing to pay for their grain, and how that will keep prices lower than actual market value. Tell them the minor conveniences they are getting come at a huge cost to not only them but YOU too.Remember, only YOU can prevent the spread of free DP. 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.
Ray Parks of the Philippines soars for an easy layup during their match against Thailand in the men’s basketball competition of the 29th Southeast Games late Sunday at the MABA Stadium in Kuala Lumpur. The Filipinos won, 81-74. CONTRIBUTED PHOTOKUALA LUMPUR — It was a close call for Gilas Pilipinas as it barely escaped hard-fighting Thailand late Sunday night.Even the big Filipino crowd was shellshocked as the Thais made the Filipinos work doubly hard for the victory in the 2017 Southeast Asian Games basketball opener.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC The nailbiter, according to Gilas cadets coach Jong Uichico, “was a bad game for us.”The Philippines, still brimming with talent despite being a watered down version of the Fiba Asia Gilas squad simultaneously playing in Lebanon, made just 6-of-30 three-point shot attempts, and gave away 19 offensive rebounds which the Thais gamely took advantage.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutIn the most trying times — the final four minutes of the match that saw a capacity crowd at MABA Stadium — Uichico was telling his team “make some adjustments, try not to give second chance points and make the basket.”He cited first-game jitters for the weak stand against a team that the Philippines would normally bury in double-digit leads from the opening buzzer to the end. Filipino basketball officials said there is little chance Belo will be allowed to play at all, although he showed up in plain clothes and sat on the Philippine bench.RELATED VIDEORavena on scare vs Thais: ‘We didn’t expect we would play that bad’6.1K viewsSportsVentuno Web Player 4.51 SEA Games in Calabarzon safe, secure – Solcom chief World-class track facilities installed at NCC for SEA Games PLAY LIST 02:49World-class track facilities installed at NCC for SEA Games03:07PH billiards team upbeat about gold medal chances in SEA Games03:04Filipino athletes share their expectations for 2019 SEA Games00:50Trending Articles01:35Panelo suggests discounted SEA Games tickets for students05:25PH boxing team determined to deliver gold medals for PH00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games Don’t miss out on the latest news and information. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding MOST READ LOOK: Venues for 2019 SEA Games LIST: Class, gov’t work suspensions during 30th SEA Games No break for Huelgas, Mangrobang with their eyes set on Tokyo 2020 The absence of Mac Belo and that Christian Standhardinger, who just arrived from Beirut, Lebanon after playing in the Fiba Asia Cup, wasn’t able to practice with the team also didn’t help the Cadets.“And for one, Mac Belo wasn’t able to play,” added Uichico. “And here comes the guy (Standhardinger) who came from Lebanon, never practiced with the team.”He lauded the Fil-German naturalized player for scoring 15 points and providing a power in the paint.“But the guy came from Fiba Asia and he’s playing 20 minutes and we have Belo practicing with the team for last nine days and all of the sudden he can’t play,” said Uichico. “That just mixed up my rotation.”Belo wasn’t included in the initial lineup due to an injury, but when he was given the green light to play, SEAG organizers refused to allow him, demanding proof that he indeed got injured.ADVERTISEMENT Catriona Gray spends Thanksgiving by preparing meals for people with illnesses SEA Games: PH’s Alisson Perticheto tops ice skating short program UPLB exempted from SEA Games class suspension LATEST STORIES Read Next View comments
Ohio State sophomore defensive lineman Joey Bosa of one of the most promising young players in the nation. He also seems to be quite skilled in the trash talk department.Tuesday morning, following his team’s 42-20 College Football Playoff National Championship win over Oregon, Bosa took to Instagram to poke a bit of fun at his opponent. We’re not sure if he’s just responding to the fact that the Ducks were favored in the contest or whether he had words with some of Oregon’s players during the game. But considering he posted a photo of Mariota lying on the ground (after this hit), with the words “O, No”, we think it’s safe to say he feels justified rubbing it all in.It’s quite likely that Mariota and Bosa will see each other at the next level. But for now, it’s Bosa and the Buckeyes who have bragging rights.
zoom Tanker owner and operator Frontline has completed its share offering raising gross proceeds of USD 100 million to fund growth opportunities through vessel acquisitions.The funds, raised through the issuance of over 13.4 million of new shares, will also be used for general corporate purposes.The new shares were priced at USD 7.45 per share, the shipowner said, adding that the offering “was significantly oversubscribed.”Frontline’s largest shareholder Hemen Holding Ltd. has agreed to be allocated 1,342,281 new shares in the offering, corresponding to 10 per cent of the offering. Hemen will now own an aggregate of 82,145,703 shares in the company, around 48.4 per cent of Frontline’s shares and votes.The due date for payment for allocated new shares is expected to be December 16, 2016.Subject to full payment of the new shares, the company said that the delivery of the new shares is expected to be delivered to the subscribers and become tradable on the Oslo Stock Exchange and the New York Stock Exchange on or about December 16, 2016.
We also did a bit more data entry from those NCAA.org scans of old team stat sheets to compare Indiana’s core stats with Kentucky’s. Our former ESPN colleague Dean Oliver, now with the Sacramento Kings, developed four factors to describe teams’ style of play. We estimated these for Indiana,4We had to guess what share of its and its opponents’ rebounds came on the offensive side of the floor, because offensive and defensive rebounds weren’t listed separately in the stat sheets that year. To that end, we estimated from trends in recent college data (paywalled) and in the NBA that 35 percent of rebounds by Indiana and its opponents were of the offensive variety. and we also computed each undefeated team’s pace of play and its points scored and allowed per 100 possessions.Indiana was better than Kentucky in a few ways: It allowed fewer points per possession, shot for a slightly higher effective field goal percentage, forced a greater rate of turnovers and allowed slightly fewer free-throw attempts per shot from the floor. But in every other respect, and every net measure, the Wildcats best the Hoosiers.Of course, Kentucky is trying to finish as undefeated champion in 2015 — it’s not chasing the 1975-76 Hoosiers or perfection. Or, as Kentucky coach John Calipari keeps emphasizing to the media when they ask about his team’s quest to finish 40-0, “We know we’re not perfect. We’re undefeated, but we’re not perfect.” The coach is right, and he’d be just as correct if he were describing the 1975-76 Hoosiers.Both the 2014-15 Wildcats and the 1975-76 Hoosiers are great teams — probably among the 25 best teams relative to their competition in the last 40 years of men’s college basketball. But neither team ranks as the best in recent decades. What sets apart Kentucky and Indiana is that they managed to win all their close games and remain undefeated. Indiana won two games in overtime, and five more by five points or fewer. Kentucky has also won two OT games, and two other games by five points or fewer. Each team played nailbiters against Notre Dame: Indiana won by three on Dec. 11, 1975, while Kentucky won by two on Saturday to advance to this weekend’s Final Four in Indianapolis.We have reliable SRS data going back to 1985. Eight teams rank ahead of this season’s Kentucky squad, including two previous Kentucky teams: the 1996 two-loss champs, and the 1997 national runners-up. Those 1997 Wildcats — along with the No. 1 team on our list, the 1999 runners-up, the Duke Blue Devils — provide a warning to this year’s Kentucky squad that the best team usually doesn’t win the NCAA tournament. Even among the eight teams of the last 30 years that were more dominant than Kentucky has been so far this year, just two won the title. Kentucky has to win two more games to become the first undefeated national champion since Indiana in 1975-76. And if the Wildcats succeed, the stats we have suggest that they’re a notch or two more dominant than those Hoosiers were.Getting data on Kentucky is easy: The Wildcats’ every game has a digital box score that’s been compiled and analyzed by the likes of Ken Pomeroy and our own March Madness predictions. But Indiana’s statistical record from its undefeated season remains in the analog age, locked in scans of stat sheets.To truly measure the 32-0 Hoosiers’ greatness, we’d want to compile the schedule and results of every Division I team that year. Unfortunately, that would involve inputting dozens of data points from hundreds of image files. And our favorite speed typist was busy.1Seriously, we asked him. So we simplified our analysis: We entered the scores of every Indiana game, then adjusted the Hoosiers’ average margin of victory by the average margin of victory of each of its opponents that season.2Accounting for home-court advantage. That gave us an estimate of Indiana’s Simple Rating System scores, which otherwise aren’t available for teams that far back.3We checked how well this technique estimates SRS for teams from the Big Ten — Indiana’s conference — and the SEC — Kentucky’s — for more recent seasons. We found it’s very reliable, with an r-squared of 0.96 against actual SRS for seasons since 1984-85. The distribution of its errors is approximately normal, with mean of zero and a standard deviation of 1.26, allowing us to create a confidence interval around its predictions and estimate the likelihood that Indiana’s true SRS was greater than or less than the known SRS ratings of more modern teams.What we found is that Kentucky has been slightly better, relative to its opposition, than Indiana was. Kentucky’s SRS is 29.05, meaning it would beat an average team on a neutral floor by about 29 points. Indiana’s estimated SRS is 27.49. Though that’s just an estimate, we can be fairly confident — about 90% sure — that Kentucky is the more dominant team. (Again, these are estimates only relative to the average team each season — the question of which team would win head-to-head is an entirely different one.)
OSU redshirt sophomore safety Malik Hooker (24) celebrates his pick-six during the second half of the Buckeyes game against Nebraska on Nov. 5. The Buckeyes won 62-3. Credit: Alexa Mavrogianis | Photo EditorOhio State hosted one of its biggest games of the year last week against No. 10 Nebraska, under the lights. It was the second largest crowd in Ohio Stadium history and arguably had the most talented list of visiting recruits since OSU coach Urban Meyer began his tenure. The pregame spectacle that was the laser-light show inside the team tunnel, the fireworks shooting off atop the scoreboard and an introduction video highlighting the 2014 national championship were done to make an impression on those in attendance. However, it was up to the Scarlet and Gray to leave the lasting impact. And so they did, with the defense setting the tone.Junior safety Damon Webb intercepted a pass that was tipped by junior linebacker Raekwon McMillan and redshirt sophomore cornerback Marshon Lattimore, then returned it 36 yards for a touchdown. That was the team’s fifth pick-six of the year, which marked a school record.“That was big. The crowd was going crazy on the first third down of the game,” Webb said. “That definitely lifted up the crowd and had momentum on our side.”The OSU defense has been a catalyst at times for an offense that has struggled with a quick start for nearly the whole season. Two weeks ago, for the very first time all year, the Buckeyes notched its first touchdown on its first drive of the game. This time around the defense was one of the best offensive weapons for coach Urban Meyer.Later in the game, redshirt sophomore safety Malik Hooker made a difference on defense by making his fifth interception and scoring his second touchdown of the 2016 season. OSU now has six interceptions for touchdowns this year, with three games still to play.The skill and athleticism in the OSU secondary has begged the question if any players have tried to play both sides, offense as well as defense. Co-defensive coordinator and linebackers coach Luke Fickell said that for the defense to get better, the player have to focus on their individual positions rather than try to learn a new one, not saying that the players wouldn’t be open to taking a stab on offense.Regardless, the OSU secondary has been electric when the players have the ball in their hands. Co-defensive coordinator and associate head coach Greg Schiano has been mostly responsible for the increase in scoring for the offense. Schiano has put an emphasis on making the most of opportunities; a play Schiano calls “sideline return.” McMillan said that there’s one thing on his mind when the ball is caught by one of his teammates: “Turn around and block somebody.” “This is a game of energy. It’s a game of momentum,” Fickell said. “If you got momentum, you got to find a way to keep it. If you don’t have the momentum, you got to do something.”OSU currently ranks fourth in the nation in passing defense and ninth in the country with 14 interceptions. Last Saturday, Nebraska was just 1-for-13 for 12 yards in downfield passing against Conley, Ward and Lattimore. Webb said that there’s not necessarily a competitive between the defensive backs to see who can have the most interceptions at season’s end, but there’s definitely some discussion in the group.“It’s definitely a confidence booster,” he said. “Just looking forward to Maryland and trying to make the same thing happen.As for any nicknames for the unit, Webb said that’s still a work in progress.No. 5 OSU kicks off at Maryland at 3:30 p.m. on Saturday.
Cody Cousino / For The LanternThen-sophomore Braxton Miller evades the defense during a game against Michigan on Nov. 24, 2012, at Ohio Stadium. OSU won, 26-21.For the first time in Ohio State football history, eight individuals were chosen to serve as captains for the 2013 version of the Buckeyes.Members of the eight-man leadership crew, along with coach Urban Meyer, addressed the media after practice Wednesday.Senior backup quarterback Kenny Guiton was one of the eight chosen to lead OSU this season, and the news did not come as a surprise to team members, as Guiton received a large portion of his teammates’ votes.“Most votes (were for) (senior offensive lineman Jack) Mewhort, second most was C.J. Barnett and then Kenny was not far behind, he was like third or fourth,” Meyer said.Guiton said he was surprised to receive the honor, but not surprised that his teammates look up to him.“I was surprised that I was a captain, but I’m really not surprised that I’m a leader,” Guiton said.Meyer went on to express more accolades for his backup quarterback, saying “he’s an incredible kid; (his) parents need to be proud of that guy… I think he should be a coach, I really do, I’ve had that chat with him.”Guiton was not the only gunslinger to be named captain, as junior starting quarterback Braxton Miller was also given the honor.Miller said that he has “big shoes to fill,” left by previous OSU captains, but that he is ready to “take charge.”With eight captains, this year’s Buckeye squad tops the previous high of six set in 2010.Now that the captains have been named, the Buckeye players and coaches are ready to shift focus exclusively toward Saturday’s matchup against Buffalo. Meyer said it’s an incredible feeling to represent his home state and that there are a number of tasks to accomplish.“The responsibility (is) you have to put a good team out there, and that’s really all our focus is,” Meyer said. “Yes it’s exciting and we’re fired up and all that. Every Friday night is a tough night to sleep. You just want to put a good product out there.”Senior wide receiver Corey “Philly” Brown said this year’s team is a lot different from last year’s and has the potential to put up more points as a result.“I feel like our tempo this year is so much more flawless, we’re so much more crisp on our assignments, we’ve got way more leaders and playmakers out there,” Brown said. “You’ll see a lot of points if we can execute and do what we do.”The Buckeyes are scheduled to play Buffalo Saturday at noon in Ohio Stadium.
Ohio State sophomore middle blocker Jordan Fry (11) and sophomore setter Becca Mauer (1) block the ball on Sunday, Oct. 14 at St. John’s Arena in Columbus, Ohio. Ohio State beat Michigan State in 3 matches. Credit: Claire Kudika | Assistant Design EditorFor its second time this season, the Ohio State women’s volleyball team will face Michigan State (15-12, 3-11 Big Ten) and Maryland (15-11, 6-8 Big Ten) this week. The Buckeyes will travel to East Lansing, Michigan, on Wednesday and return home Saturday to host Maryland for Ohio State’s senior night.The Buckeyes will honor senior setter Olivia Dailey and senior outside hitter Audra Appold after the match against Maryland. Ohio State will also honor former Ohio State volleyball players Jasmine Koonts and Taylor Hughes. The Buckeyes swept Michigan State in their last match and are seeking redemption against Maryland after their 3-2 setback earlier in the season. Michigan State is on a seven-match losing streak, five of which were hard-fought battles against nationally ranked teams. Despite those losses, head coach Geoff Carlston anticipates the Spartans to be stronger than they have been in the past. “They got everyone back and they’re playing better,” Carlston said. “We were a different team when we played them. We had Audra (Appold) and Madison (Smeathers) both healthy, so we’ll be different, and they’ll be different.”Maryland freshman libero Allegra Rivas was awarded Big Ten Defensive Player of the Week last week, currently ranking No. 6 in the conference with an average of 4.54 digs per set this season. Sophomore setter Nicole Alford also records 9.91 assists per set. The Buckeyes have dropped their past six matches. “Once we get to 20 points we need to get better at stepping on the gas a little more,” Dailey said.Carlston plans to use scrimmage time to practice exactly that. “We’ll do a lot of stuff at 20-20 and try to play those games because we do it all the time anyway,” Carlston said. “We just need to keep establishing our personality and confidence in those moments as best as we can.”The Buckeyes will face Michigan State at 7 p.m. on Wednesday and Maryland at 7 p.m. on Saturday at St. John Arena.
Manchester City have announced that Sergio Aguero has a signed one-year contract extension that will keep him at the club until 2021The Argentine striker became City’s all-time record goalscorer last season and moved past the 200-goal mark in last month’s Community Shield win against Chelsea.Aguero had previously stated that he wishes to return to boyhood club Independiente once his original deal expired in 2020.But the prospect of reaching a decade with City ultimately proved too good to turn down.“I am happy for this additional year,” Aguero told CityTV.“My idea was being here for 10 years. I’ve been here for seven years, it’s going to be 10 when the contract expires.Virgil van Dijk praises Roberto Firmino after Liverpool’s win Andrew Smyth – September 14, 2019 Virgil van Dijk hailed team-mate Roberto Firmino after coming off the bench to inspire Liverpool to a 3-1 comeback win against Newcastle United.“Hopefully, that’s going to happen. This was the main reason I signed.”Director of football Txiki Begiristain said: “We are delighted that Sergio is extending his stay at Manchester City,”“He has been so important to this Club since his arrival in 2011 and he remains at the forefront of what we are want to achieve in the coming years.“We are fortunate to have had one of the best strikers in the world at our club for so many years and I’m sure our supporters will be thrilled with this news.”Kevin De Bruyne, David Silva, Nicolas Otamendi and Gabriel Jesus have all signed contract extensions at the Etihad Stadium over the past year.Aguero has managed 204 goals and 60 assists in 299 games across all competitions for City since his arrival from Atletico Madrid in 2011.
German striker Timo Werner believes that the inability of their team to strike into the net is really harming them.Acknowledging that the German team played well in the game against the Netherlands, but was defeated 3-0 in that Saturday evening match, Werner also accepted that the win is a “real kick in the teeth.”A #NationsLeague nightmare in Amsterdam. #DieMannschaft #NEDGER pic.twitter.com/Nkozuf0WNZ— Germany (@DFB_Team_EN) October 13, 2018“We played very well at the start and created a lot of chances. We let Holland do all the running, created chances down the wings and through the middle and did everything we wanted to, Werner said as quoted by DFB.de.”“Then this corner came in like a torpedo and all of a sudden they have scored. That was a real kick in the teeth.”Timo Werner signs a new four-year deal with RB Leipzig Andrew Smyth – August 25, 2019 Timo Werner has put an end to the growing doubts over his future by signing a new four-year contract with RB Leipzig.“We tried everything in the second half and also had our chances, but we just couldn’t put them away. Then we were open at the back and get caught on the break. We showed that we haven’t just forgotten how to play football. Converting chances is our biggest issue. We need to score goals. Our heads have all dropped, but we can beat France.”It is not on record that Germany ever lost to their opponents by three or more goals but Ronald Koeman’s side grabbed an overwhelming success in Amsterdam as Virgil van Dijk’s first-half header was added to by last-minute strikes from Memphis Depay and Georginio Wijnaldum.Huge result for @OnsOranje! 🧡Most exciting players in this Dutch side?#NationsLeague pic.twitter.com/X3dC7aUjqJ— UEFA Nations League (@UEFAEURO) October 13, 2018